Listing
The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the Government of Ghana in April and May 2016.
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¢99,625,124 |
GH¢52,197,797
|
GH¢1,426,919,549 |
|
Coupon Rate |
23% per annum |
24.05% and 24.00 % per annum |
24.50% per annum |
|
Issue Date |
04/04/2016 18/04/2016 02/05/2016 |
11/04/2016 09/05/2016 |
25/04/2016 30/05/2016 |
|
Maturity Date |
16/05/2016
03/04/2017 17/04/2017 01/05/2017 15/05/2017
|
09/04/2018 07/05/2018 |
22/04/2019 27/05/2019 |
|
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 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 June 10, 2016