Listing
The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the Government of Ghana in August and September 2018
Background Information
Details of the notes are as follows.
|
Title |
1-Year Notes |
2-Year Notes |
3-Year Bonds |
|
Issuer |
Government of Ghana |
Government of Ghana |
Government of Ghana |
|
Total Value Issued |
GH¢122,952,662 |
GH¢1,989,849,956 |
GH¢1,994,200,000 |
|
Coupon Rate |
14.50% and 15.00% per annum |
18.00%, 21.00 and 21.33 per annum |
24.00% and 24.5% per annum |
|
Issue Date |
29/03/2018, 13/08/2018, 20/08/2018 and 17/09/2018 |
13/03/2017, 10/04/2017 and 27/08/2018 |
26/10/2015, 26/10/2015 and 12/09/16 |
|
Maturity Date |
28/03/2019, 12/08/2019, 19/08/2019 and 16/09/2019 |
11/03/2019, 08/04/2019 and 24/08/2020 |
22/10/2018, 22/10/2018 and 09/09/2019 |
|
Interest Payment |
Half yearly from issue date |
Half yearly from issue date |
Half yearly from issue date |
Title 5-Year Fixed Rate Bonds 7-Year Fixed Rate Bonds 10-Year Fixed Rate Bonds Issuer Government of Ghana Government of Ghana Government of Ghana
Total Value Issued GH¢180,000,000 GH¢103,000,000 GH¢26,000,000
Issue Date 31/07/2017 and 12/02/2018 03/04/2017 and 16/04/2018 14/09/2016 and11/06/2018
Maturity Date 25/07/2022 and 06/02/2023 25/03/2024 and 07/04/2025 02/11/2026 and 29/05/2028
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 October 10, 2018