Select your language

    Ghana Stock Exchange: Listing of 2-Year and 7-Year Government of Ghana Bonds

    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

     

    Login