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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