ISSUED IN JUNE AND JULY 2016
Listing
The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the Government of Ghana in June and July 2016.
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¢304,951,744 |
GH¢378,101,939
|
GH¢1,778,556,668 |
|
Coupon Rate |
23% per annum |
24.25% and 24.00 % per annum |
24.50% and 24.75% per annum |
|
Issue Date |
06/06/2016 20/06/2016 04/07/2016 |
13/06/2016 11/07/2016 |
27/06/2016 25/07/2016 |
|
Maturity Date |
18/07/2016
05/06/2017 19/06/2017 03/07/2017 17/07/2017
|
11/06/2018 09/07/2018 |
21/06/2021 19/07/2021 |
|
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 August 1, 2016.