Listing
The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the Government of Ghana in August 2017.
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¢57,623,367 |
GH¢26,913,625 |
GH¢1,589,926,000 |
|
Coupon Rate |
15.00% per annum |
17.00% per annum |
19.04% and 18.25 per annum |
|
Issue Date |
07/08/2017 and 21/08/2017,
|
14/08/2017 |
30/09/2013 and 31/07/2017 |
|
Maturity Date |
06/08/2018 and 20/07/2018,
|
12/08/2019 |
28/09/2018 and 25/07/2022 |
|
Interest Payment |
Half yearly from issue date |
Half yearly from issue date |
Half yearly from issue date |
Title 10-Year Fixed Rate Notes
Issuer Government of Ghana
Total Value Issued GH¢434,538,000
Coupon Rate 19.00% per annum
Issue Date 14/11/2016
Maturity Date 02/11/2026
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 September 28, 2017