The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year, 5-Year and 7-Year Treasury Notes and Bonds issued from September 16, 2013 to December 30, 2013.
Background information on the Notes and Bonds are as follows:
2-Year Fixed Rate Note 5-Year Fixed Rate Bond
Title : 2-Year Fixed Rate Notes 5-Year Fixed Rate Bond
Issuer : Government of Ghana Government of Ghana
Total Value Issued : GH¢431,001,957 GH¢649,956,000
Coupon Rate : 16.80% to 21.2% per annum 19.04% per annum
Issue Date : Sept. 16, 2013 to Dec 30, 2013 September 30, 2013
Maturity Date : Various (between Sept. 9, 2015 September 24, 2018
and December 28, 2015)
Interest Payment : Half yearly from issue date Half yearly from issue date
7-Year Fixed Rate Note
Title : 7-Year Fixed Rate Notes
Issuer : Government of Ghana
Total Value Issued : GH¢100,155,000
Coupon Rate : 18%
Issue Date : November 25, 2013
Maturity Date : November 16, 2020
Interest Payment : Half yearly from issue date
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 5-year and 7-year bonds.
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 4th
day of February , 2014.