Listing
The Ghana Stock Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the Government of Ghana from June to July 2018 2018.
Background Information
Details of the notes are as follows.
|
Title |
1-Year Notes |
|
3-Year Bonds |
|
Issuer |
Government of Ghana |
|
Government of Ghana |
|
Total Value Issued |
GH¢893,624,556 |
|
GH¢766,011,551 |
|
Coupon Rate |
14.50% and 15.00% per annum |
|
17.50% and 18.00% per annum |
|
Issue Date |
4/6/2018, 18/06/2018, 2/07/2018, 16/07/2018 and 30/07/2018 |
|
02/07/2018 and 30/07/2018 |
|
Maturity Date |
03/06/2019, 17/06/2019, 01/07/2019, 15/07/2019 and 29/07/2019 |
|
28/06/2021 and 26/07/2021 |
|
Interest Payment |
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 9, 2018