ISSUED FROM JULY 6 – SEPTEMBER 14, 2015
Listing
The Exchange has admitted to the Ghana Fixed Income Market (GFIM), the Government of Ghana’s 2-Year Treasury Notes issued from July 6, 2015 to September 14, 2015.
Background Information
Background information on the Notes is as follows:
Title : 2-Year Fixed Rate Notes
Issuer : Government of Ghana
Total Value Issued : GH¢125,248,911
Coupon Rate : 23% per annum
Issue Date : July 6, 2015 to Sept. 14, 2015
Maturity Date : Various (between July 3, 2017
and September 11, 2017)
Interest Payment : Half yearly from issue date
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 2-year, 3-year, 5-year and 7-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 issued.
Issued at Accra, this 6th
day of October, 2015.