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PR. No. 022 /2014 LISTING AND TRADING OF 2-YEAR, 5-YEAR AND 7-YEAR GOVERNMENT OF GHANA BONDS ISSUED FROM SEPTEMBER 16, 2013 TO DECEMBER 30, 2013

Listing
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
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                                
 
 
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 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 and bond issued.
    Issued at Accra, this 4th      
day of February , 2014.