The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 7-Year Treasury Notes and Bonds issued from July 2, 2013 to September 13, 2013.
Background information on the Notes and Bonds are as follows:
| 2-Year Fixed Rate Note | 7-Year Fixed Rate Bond |
Title | 2-Year Fixed Rate Notes | 7-Year Fixed Rate Bond |
Issuer | Government of Ghana | Government of Ghana |
Total Value Issued | GH¢110,612,206 | GH¢101,565,000 |
Coupon Rate | 21.70% to 22.30% per annum | 17.50% per annum |
Issue Date | July 8, 2013 to September 9, 2013 | August 26, 2013 |
Maturity Date | Various (between July 6, 2015 and September 7, 2015 | August 17, 2020 |
Interest Payment | Half yearly from issue date | Half yearly from issue date |
Bank of Ghana has confirmed that participation is open to non-resident foreigners (NRF) in respect of the 7-year bonds.
The Central Securities Depository will be in charge of registration.
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.
Source: GSE
