You are here: HomeNews2020 02 13Article 865264

Business News of Thursday, 13 February 2020

Source: www.ghanaweb.com

FLASHBACK: Government's bonds listed on GSE


Click to read all about coronavirus →

February 2008 saw government get its two-year, three-year and five-year Bonds issued the previous year listed listed on the Ghana Stock Exchange (GSE) for trading.

Read the full story on Ghanaweb below

According to a GSE statement issued;

“The two-year and three-year bonds were issued between August 6 and December 31, 2007 whilst the five-year bond was issued on December 17 that year, with half yearly interest payment from the date of issue. The two and three years bonds titled "GoG 2-Year Fixed Rate Note" and "GoG 3-Year Fixed Rate Note" have total value issue of 60,412,933 GH cedis and 73,552,000 GH cedis respectively”.

The 2-Year Note has a 12.8 percent per annum Coupon Rate and a maturity date spanning August 3 to December 28, 2009.

The 3-Year Note on the other hand has a 13 percent Coupon Rate for the first issue and 13.95 percent for the second issue per annum and a maturity date from August 2, 2010 and December 13 2010.

The 5-Year Fixed Treasury Note valued at 50,732,000 GH cedis has a 15 percent Coupon Rate, half yearly interest payment and a maturity date of December 10, 2012.

Whereas the 2-Year Note was not opened to foreign participation, the 3-Year and 5-Year Notes were opened to Non-Resident Foreigners (NRF). Of the three issues, eight percent withholding tax on interest income would be paid by corporate holders, whilst interest to individuals would not attract any tax.

Send your news stories to and via WhatsApp on +233 55 2699 625.

Join our Newsletter