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
