Listing
The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the Government of Ghana from March to April 10, 2017.
Background Information
Details of the notes are as follows.
|
Title |
1-Year Notes |
2-Year Notes |
3-Year Bonds |
|
Issuer |
Government of Ghana |
Government of Ghana |
Government of Ghana |
|
Total Value Issued |
GH¢415,975,299 |
GH¢637,905,490 |
GH¢1,010,594,974 |
|
Coupon Rate |
18.50% and 19.00% per annum |
21.33% and 21.00% per annum |
21.50% per annum |
|
Issue Date |
03/04/2017, 20/03/2017 and 06/03/2017 |
13/03/2017 and 10/05/2017 |
13/03/2017 |
|
Maturity Date |
02/04/2018, 19/04/2018 and 05/03/2018 |
11/03/2019 and 08/04/2019 |
09/03/2020 |
|
Interest Payment |
Half yearly from issue date |
Half yearly from issue date |
Half yearly from issue date |
|
Title 7-Year Fixed Rate Bonds 15-Year Fixed Rate Bonds Issuer Government of Ghana Government of Ghana Total Value Issued GH¢1,452,080,000 GH¢3,422,150,000 Coupon Rate 19.75% per annum 19.75 per annum Issue Date April 3, 2017 April 3, 2017 Maturity Date March 25, 2024 March 15, 2032 Interest Payment Half yearly from issue date Half yearly from issue date |
|
|
|
|
|
Title 10-Year Fixed Rate Bonds (SWAPS) Issuer Government of Ghana SWAP Amount GH¢106,000,000 Date of SWAP March 16, 2017
|
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|
Non-Resident Foreign (NRF) Investors Participation
The Bank of Ghana has confirmed that participation in Government of Ghana fixed income securities is open to non-resident foreigners (NRF) in respect of securities with tenure of two years and above.
Registration
The Central Securities Depository Ltd will be in charge of registration.
Tax
The Income Tax Act of 2015 (Act 896) requires the withholding of tax in respect of interest payments at the applicable rate of tax.
Issued at Accra on April 11, 2017
