Skip to main content
News and Announcements

PR. 372/2015-LISTING AND TRADING OF GOVERNMENT OF GHANA NOTES AND BONDS ISSUED IN NOVEMBER 2015

By December 7, 2015February 14th, 2023No Comments

Listing
The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the   Government of Ghana during the month of November 2015.

Background Information
Details of the notes are as follows.

Title    1-Year Notes    2-Year Notes    5-Year Bonds
Issuer    Government of Ghana    Government of Ghana    Government of Ghana
Total Value Issued    GH¢70,390,000    GH¢129,027,022      GH¢516,533,892 
Coupon Rate     22.50% per annum     23.95% per annum     24.00% per annum
Issue Date    November 2 and 16, 2015    November 9, 2015    November 30, 2015
Maturity Date    Oct 31 and Nov 14, 2016    November 6, 2017    November 23, 2020
Interest Payment      Half yearly from issue date    Half yearly from issue date    Half yearly from issue date
                        
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 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 December 7, 2015.

Attachment