Listing
The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes issued by the Government of Ghana in November 2016.
Background Information
Details of the notes are as follows.
|
Title |
|
1-Year Notes |
2-Year Notes |
|
Issuer |
|
Government of Ghana |
Government of Ghana |
|
Total Value Issued |
|
GH¢501,832,500
|
GH¢312,042,165 |
|
Coupon Rate |
|
23.00% and 22.25% per annum |
23.00% per annum |
|
Issue Date |
|
07/11/2016 21/11/2016 |
14/11/2016 |
|
Maturity Date |
|
06/11/2017 20/11/2017
|
12/11/2018
|
|
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 tenor 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 December 20, 2016.