The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 3-Year Treasury Notes and Bonds issued from January 6, 2014 to March 31, 2014.
Background information on the Notes and Bonds are as follows:
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¢51,289,524 GH¢402,000,000
Coupon Rate : 16.5% to 23% per annum 23% per annum
Issue Date : Jan. 6, 2014 to March 31, 2014 February 17, 2014
Maturity Date : Various (between Jan. 4, 2016 February 13, 2017
and March 28, 2016)
Interest Payment : Half yearly from issue date 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 3-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 7th
day of April , 2014.