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.
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.
The Central Securities Depository Ltd will be in charge of registration.
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.