Legal & Regulatory Framework
NOTICE TO THE BANKS, FINANCIAL INSTITUTIONS AND THE PUBLIC
NOTICE NO. BG/TD /2013/23
REDEMPTION OF GOVERNMENT OF GHANA 5-YEAR GOLDEN JUBILEE SAVINGS BONDS (GJSB)
The Bank of Ghana announces to the General Public that, the maturity dates for Government of Ghana 5-Year Golden Jubilee Savings Bonds issued to Resident and Non-Resident Ghanaians between 27th December, 2007 and 11th July 2008, commenced 25th December 2012 and will end on 10th July , 2013.
The Bank of Ghana wishes to inform holders of the Bonds that, redemption has commenced and the Bondholders are to follow the procedure and observe the particulars stated below.
A. Authorised Collecting Agents
Bondholders are to submit their claims directly to the Head, Treasury Department, Bank of Ghana or through any of the Bank of Ghana Offices in
Kumasi, Sunyani, Takoradi, Hohoe and Tamale or any of the under-listed Authorised collecting agencies:
- Strategic African Securities (SAS)
- Ghana Commercial Bank (GCB)
- Ghana International Bank (GIB), London
- National Investment Bank (NIB)
- Prudential Bank Ghana Limited (PBG)
- Gold Coast Securities Limited (GSC)
- ARB Apex Bank Limited and all Rural/Community Banks
- Ghana Post Company Limited
- Other Commercial Banks in Ghana.
- Ghana Diplomatic Missions Abroad.
Collecting agencies are to ensure that claims are legitimate before forwarding same to the Bank of Ghana.
B. Claim Modalities
Bondholders are to support their claims with the following:
i) the Original Bond Certificate;
ii A Passport, National Identification Card, Driver’s Licence or any valid photo Identity Card for confirmation of identity;
iii) details of bank account to receive payment/claim/proceeds. In the absence of bank account, the collecting agency’s bank details should be provided;
iv) the counterfoil receipt and the deposit slip, in cases where the claimant did not receive the Bond Certificate from the authorized Sales Agent at the date of purchase;
v) a police report in addition to the deposit slip, in the case of a lost Bond Certificate
C. Claims on Behalf of Bondholder by a Third Party or on behalf of a Deceased Bondholder
Claims on behalf of a Bondholder shall, in addition to (i), (ii) & (iii) include:
a. a Power of Attorney together with either a passport picture of both Bondholder and the Attorney for claim by a third party.
b. an authenticated grant of probate of a Will or Letter of Administration for a claim in respect of a deceased Bondholder.
D. Closing Date
Please note that the Bond ceases to attract any accrued interest payment
after the date of maturity.
(Sgd.)
ANDREW BOYE-DOE
THE SECRETARY
17th May, 2013
