The Exchange has admitted to the Ghana Fixed Income Market (GFIM), notes issued by the Government of Ghana in December 2016.
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¢904,198,400||GH¢1,040,718,766|
|Coupon Rate||22.00% and21.00% per annum||22.50% per annum|
|Issue Date||05/12/2016 19/12/2016||12/12/2016|
|Maturity Date||04/12/2017 18/12/2017||10/12/2018|
|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 nonresident foreigners (NRF) in respect of securities with tenor of two years and above.
The Central Securities Depository Ltd will be in charge of registration.
The Income Tax Act of 2015 (Act 896) requires the withholding of tax in respect of interest payments at the applicable rate of tax.