GOLDEN JUBILEE SAVINGS BOND (SUMMARY)

About Golden Jubilee Savings Bond

Golden Jubilee Savings Bond is a 5 year Government of Ghana bond issued in commemoration of the Golden Jubilee Celebration of Ghana. The bonds are being issued to encourage long-term savings and investment among Ghanaians. The Jubilee Bond is an obligation of the Government of Ghana (GoG).

Purpose of the Offer:

The main objectives of the issue are to;

Raise money for developmental projects in all 10 regions in Ghana

Enable as many Ghanaians to commemorate Ghana’s Golden Jubilee Celebration

Create awareness of the importance of saving

Diversify the financial instruments on offer to the market

The Golden Jubilee Bond is a retail savings bond to be purchased from an approved list of financial institutions all over the Country.

Details of the Offer (Key Features)

Government of Ghana seeks to raise GH¢50 million to embark on infrastructural development in every region in Ghana.

Accrual Bond - no interest paid until redemption

Minimum Investment - GH¢10

Interest rate - fixed and linked to the 5-year GoG bond rate

     o Corporate - 5yr GoG bond rate (15.00%)
     o Retail investors - 5yr GoG bond rate +0.5% (15.50%)

Interest Accrual - compounded semi-annually

Maturity - 5 years

Redemption - minimum holding period is 3 years

     o Redemption within the 4th year – 1.5% charge
     o Redemption within the 5th year – 1.0% charge

Close of offer - the Jubilee Bonds are on offer until 30th June, 2008.

Why Invest in the Jubilee Bonds

You lock-in attractive yield (in the face of falling interest rates)

Secure and low risk investment (Sovereign Risk)

You can use as collateral (and liquidity guaranteed after 3rd anniversary)

Good for diversifying portfolio

Tax exempt to retail investor

Golden Jubilee Savings Bonds Application Form