Skip to main content

PR. 296/2014 LISTING AND TRADING OF 2-YEAR AND 3-YEAR GOVERNMENT OF GHANA BONDS ISSUED FROM JULY 7, 2014 TO SEPTEMBER 29, 2014

Listing

The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 3-Year Treasury Notes and Bonds issued from July 7, 2014 to September 29, 2014.

Background Information

Background information on the Notes and Bonds are as follows:

800×600

 

2-Year Fixed Rate Note

3-Year Fixed Rate Bond

 

Title

2-Year Fixed Rate Notes

3-Year Fixed Rate Bond

Issuer

Government of Ghana

Government of Ghana

 

Total Value Issued

GH¢50,199.054  

GH¢400,013,885

 

Coupon Rate

23% per annum

25.4%

Issue Date

July 7, 2014 to Sept. 29, 2014, 2014

August  4, 2014

Maturity Date

Various (between July 4, 2016 and September 26, 2016)     

July 31, 2017

Interest Payment 

Half yearly from issue date

Half yearly from issue date

Normal
0

false
false
false

EN-US
X-NONE
X-NONE

MicrosoftInternetExplorer4

st1:*{behavior:url(#ieooui) }

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”,”serif”;}
table.MsoTableGrid
{mso-style-name:”Table Grid”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-unhide:no;
border:solid windowtext 1.0pt;
mso-border-alt:solid windowtext .5pt;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-border-insideh:.5pt solid windowtext;
mso-border-insidev:.5pt solid windowtext;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”,”serif”;}


Other Information

i. Non-Resident Foreign (NRF) Investors Participation
Bank of Ghana has confirmed that participation is open to non-resident foreigners (NRF) in respect of the 3-year bonds.

ii. Registration
The Central Securities Depository will be in charge of registration.

iii. Withholding Tax
There is a 10% withholding tax on interest income to corporate holders. Interest income on Government Bonds to individuals is not subject to withholding tax.

Attached
is the list of the notes and bond issued.

Issued at Accra, this 10th day of October , 2014.

800×600

 

800×600

Normal
0

false
false
false

EN-US
X-NONE
X-NONE

MicrosoftInternetExplorer4

st1:*{behavior:url(#ieooui) }

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”,”serif”;}
table.MsoTableGrid
{mso-style-name:”Table Grid”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-unhide:no;
border:solid windowtext 1.0pt;
mso-border-alt:solid windowtext .5pt;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-border-insideh:.5pt solid windowtext;
mso-border-insidev:.5pt solid windowtext;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”,”serif”;}