Listing
The Ghana Stock Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the Government of Ghana from October to December 4, 2017.
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¢709,715,512 |
GH¢458,935,279 |
US$221,400,000 |
|
Coupon Rate |
15.00% per annum |
17.00% and 17.24% per annum |
6.25% per annum |
|
Issue Date |
02/10/2017, 16/10/2017, 06/11/2017, 20/11/2017 and 04/12/2017 |
09/10/2017 and 13/11/2017 |
13/11/2017 |
|
Maturity Date |
01/10/2018, 15/10/2018, 05/11/2018, 19/11/2018 and 03/12/2018 |
07/10/2019 and 11/11/2019 |
13/11/2020 |
|
Interest Payment |
Half yearly from issue date |
Half yearly from issue date |
Half yearly from issue date |
|
Title |
5-Year Bonds |
7-Year Bond |
10-Year Bond |
|
Issuer |
Government of Ghana |
Government of Ghana |
Government of Ghana |
|
Total Value Issued |
GH¢1,576,695,632 |
GH¢496,696,228 |
GH¢2,685,351,635 |
|
Coupon Rate |
17.60% and 18.25% per annum |
19.75% per annum |
19.00% per annum |
|
Issue Date |
04/12/2017 and 31/07/2017 |
03/04/2017 |
14/11/2016 |
|
Maturity Date |
28/11/2022 and 25/07/2022 |
25/03/2024 |
02/11/2026 |
|
Interest Payment |
Half yearly from issue date |
Half yearly from issue date |
Half yearly from issue date |
|
Title |
15-Year Bond |
|
|
|
Issuer |
Government of Ghana |
|
|
|
Total Value Issued |
GH¢1,371,630,961 |
|
|
|
Coupon Rate |
19.75% per annum |
|
|
|
Issue Date |
03/04/2017 |
|
|
|
Maturity Date |
15/03/2032 |
|
|
|
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 December 8, 2017