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PR.  504/2018 – LISTING AND TRADING OF GOVERNMENT OF GHANA NOTES AND BONDS ISSUED IN OCTOBER AND NOVEMBER 2018

Listing

The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes and bonds issued by the   Government of Ghana in October and November 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¢230,231,248

GH¢4,518,320,144 

GH¢988,694,871 

 

Coupon Rate

 

15.00% per annum

 

17.00%, 17.24%, 17.50%, and 19.50% per annum

19.50% per annum

Issue Date

 

01/10/2018, 15/10/2018, 05/11/2018 and 19/10/2018

08/10/2018, 12/11/2018 and 13/11/2017

22/10/2018

Maturity Date

             

30/09/2019, 14/10/2019, 04/11/2019 and 18/11/2019

07/10/2019, 11/11/2019, 05/10/2020, 09/11/2020 and 09/12/2020

18/10/2021

 

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 December 5, 2018

Attachment