AFB has released the attached announcement for the information of the general investing public.
Issued in Accra, this 14 th day of August, 2019
Listing
The Exchange has admitted to the Ghana Fixed Income Market (GFIM), bonds issued by the Government of Ghana from June to July 2019.
Background Information
Details of the bonds are as follows.
| Title | 3-Year Bonds | 5-Year Bonds | 6-Year Bonds |
| Issuer | Government of Ghana | Government of Ghana | Government of Ghana |
| Total Value Issued | GH¢1,079,822,986 | GH¢931,715,566 | GH¢532,000,000 |
| Coupon Rate | 17.50%, 18.00% and 19.70% per annum | 19.50% and 19.75% per annum | 21.00% per annum |
| Issue Date | 06/06/2019 and 26/07/2019, | 15/07/2019, 30/07/2019 and 31/07/2019 | 01/07/2019 |
| Maturity Date | 28/06/2021, 29/06/2021, 30/06/2021, 01/07/2021 and 26/07/21 | 15/04/2024 and 08/07/2024 | 27/01/2025 |
| Interest Payment | Half yearly from issue date | Half yearly from issue date | Half yearly from issue date |
Title 10-Year Fixed Rate Bonds 15-Year Fixed Rate Bonds
Issuer Government of Ghana Government of Ghana
Total Value Issued GH¢503,948,542 GH¢423,755,500
Coupon Rate 19.80% per annum 20.00% per annum
Issue Date 24/06/2019 29/07/2019
Maturity Date 11/06/2029 10/07/2034
Interest Payment 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 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 August 13, 2019
GSR has released the attached announcement for the information of the general investing public.
Issued in Accra, this 13 th day of August, 2019
TLW has released the attached announcement for the information of the general investing public.
Issued in Accra, this 13 th day of August, 2019.
The Ghana Stock Exchange (GSE) will with effect from Thursday, August 15, 2019 suspend the listing status of PBC Limited.
PBC has failed to publish its financial results since the end of its financial year September 2018. The non-publication is in breach of the continuing listing obligations under the GSE Listing Rules.
PBC has also failed to redeem the Tranche P4 of its note program which matured on December 6, 2018.
Part VI of the GSE Listing Rules outlines that a listed company shall comply with the continuing listing obligations and disclosure policy. Failure to do so shall result in the imposition of sanctions by the Exchange.
Specifically, Rules 13(4)(c) and 13(4)(e) of the Listing Rules empower the GSE to suspend listing or compulsorily de-list securities where the company has failed to comply, or is unable, or unwilling to comply for any reason whatsoever with the Exchange’s requirements on continuing listing obligations and also where the company has failed to comply with its Listing Agreement, or other agreements with the Exchange, or has failed to comply with the Exchange’s Rules and disclosure policy as set out in Parts VI and VII of the Rules.
Further information through Press Releases will be published as appropriate.
Issued in Accra, this 13th day of August, 2019.
IZWE has released the attached announcement for the information of the general investing public.
Issued in Accra, this 7 th day of August, 2019
TLW has released the attached announcement for the information of the general investing public.
Issued in Accra, this 6 th day of August, 2019.
NEWGOLD has released the attached announcement for the information of the general investing public.
Issued in Accra, this 1 st day of August, 2019
ETI has released the attached announcement for the information of the general investing public.
Issued at Accra, this 1 st day of August, 2019.
GHL Bank has released the attached announcement for the information of the general investing public.
Issued in Accra, this 2 nd day of August, 2019
MTNGH has released its interim results for the six months ending June 30 th , 2019 as per the attached.
Issued in Accra, this 2 nd day of August, 2019
AGA has released the attached announcement for the information of the general investing public.
Issued in Accra, this 31 st day of July, 2019.
GSR has released the attached announcement for the information of the general investing public.
Issued in Accra, this 31 st day of July, 2019
FML has released the attached announcement for the information of the general investing public.
Issued in Accra, this 30 th day of July, 2019.
BOND announces the listing of Tranches 11 and 12 of its GHS100 Million Medium-Term Note Programme on the Ghana Fixed Income Market (“GFIM’).
Attached are the details of the new tranches.
Issued in Accra, this 23 rd day of July, 2019
The Council of the Ghana Stock Exchange announces the retirement of Mr. Kofi S. Yamoah, the Managing Director, with effect from the end of October 2019. Mr. Yamoah will take his terminal leave from August 1, 2019.
Mr. Yamoah has served the Exchange in various capacities, including as Presiding Officer on the Trading Floor; Financial Controller; Senior Manager, Operations, and as General Manager. He was appointed as Managing Director of the Exchange in April 2003.
The Exchange has, during Mr. Yamoah’s 16-year tenure as Managing Director, undergone significant innovation, notably, the automation of trading, and the establishment of the Ghana Alternative Market (GAX) and the Ghana Fixed Income Market (GFIM). He was also
instrumental in the development of the capital market in Ghana.
The Council and the entire staff of the Exchange wish him the very best in his future endeavours.
Mr. Ekow Afedzie, currently the Deputy Managing Director, will act as the Managing Director, effective August 1, 2019.
Mr. Afedzie brings on board, over 20 years of experience in the capital market, having worked with the Exchange since its inception in 1990. He has previously served as the Head of Marketing, Research and Systems, and as General Manager. He was appointed Deputy Managing Director in 2009. He holds a Master’s Degree in Business Administration and a Master of Arts Degree in Economic Policy Management, both from the University of Ghana. He also holds a Bachelor’s degree in Law from Mountcrest University College.
SIGNED
ALBERT ESSIEN
CHAIRMAN
GSR has released the attached announcement for the information of the general investing public.
Issued in Accra, this 15 th day of July, 2019
MLC announces the resignation of Mr. Yaw Assah-Sam, a Non-Executive Director of the Company, effective June 6. 2019.
Issued in Accra, this 15th day of July, 2019.
EGH announces the appointment of Mrs. Patience Akyianu as a Non-Executive Director of Ecobank Ghana Limited, effective 1 st July, 2019.
Attached is the profile of Mrs. Patience Akyianu.
Issued in Accra, this 15 th day of July, 2019
ETI has released the attached announcement for the information of the general investing public.
Issued at Accra, this 12 th day of July, 2019.
GCB announces the appointment of Mr. Kofi Koramoa Awuku as the Managing Director of its subsidiary, GCB Securities Limited, effective 3rd June 2019.
He is an Investing Banking, Global Markets and Corporate banker with over a decade’s experience spanning debt capital markets, derivative sales, risk management, syndications and project finance.
He holds an MBA from Fuqua Business School, Duke University, USA.
Issued in Accra, this 10thday of July, 2019.
GSR has released the attached announcement for the information of the general investing public.
Issued in Accra, this 11 th day of July, 2019
GHL Bank has released the attached announcement for the information of the general investing public.
Issued in Accra, this 11 th day of July, 2019
TLW has released the attached announcement for the information of the general investing public.
Issued in Accra, this 10 th day of July, 2019.
MTNGH has released the attached announcement for the information of the general investing public.
Issued in Accra, this 9 th day of July, 2019.
Aluworks Limited has informed the GSE that it has not been able to submit its December 2018 year-end financial statements, due to some held back challenges.
The company indicated that they are yet to receive confirmation of completion of the audit processes from their external auditors.
Aluworks reckon that the finalization and approval processes will be completed and thereafter submitted to the Exchange by August 30, 2019.
Issued in Accra, this 8th day of July, 2019.
CAL announces the appointment of Mr. Kweku Baah Korsah as a Non-Executive Director of the company on 8 th May, 2019, subsequent to Bank of Ghana’s approval of his appointment.
Attached is a brief profile of Mr Kweku Baah Korsah.
Issued in Accra, this 8 th day of July, 2019.
BAYPORT announces the listing of Tranche 11 under the GHS500 million Note Programme on the Ghana Fixed Income Market (GFIM).
Attached are the details of the tranche.
Issued in Accra, this 5 th day of July, 2019
PBC Limited has informed the GSE that the company has not been able to submit its September 2018 year-end, first quarter December 2018 as well as second quarter March 2019 financial statements due a number of factors including a delay in completing the audit of one of its subsidiaries, PBC Shea Limited, Buipe.
The company indicated that the actual audit exercise of PBC Limited and its subsidiaries have been completed and the draft accounts issued. The external Auditors are expected to submit a final draft shortly and subsequently, PBC Board is expected to review and approve same.
PBC reckon that the finalization and approval processes will be completed and thereafter submitted to the Exchange before the end of July 2019.
Issued in Accra, this 5th day of July, 2019
AFB has released the attached announcement for the information of the general investing public.
Issued in Accra, this 3 rd day of July, 2019