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