How To Buy Treasury Bills In Ghana
Learn How To Buy Treasury Bills In Ghana ; The interest on T-Bills are general much higher than that of commercial banks. You also have the option of rolling over your investment when the time is due. Another interesting fact about treasury bill is that it can be used as collateral when applying for a loan.
Treasury bills can be purchased from the various commercial banks, and now from the comfort of your home using MTN Mobile money. To be able to access this service, you need to follow these steps to register a treasury bill account with MTN.
How To Buy T Bills In Ghana Via MOMO
- Dial *170#
- Choose option 5 for financial services
- Choose option 4 for pensions and investment
- Choose option 2 for treasury bills
- Choose option 1 to register
- Enter your full name
- Enter the name of your next of kin
- Enter the phone number of your next of kin
Once you have completed this process, you are registered unto the MTN Mobile money treasury bill platform and you can start making purchases.
To purchase a treasury bill simply:
- Dial *770#
- Choose option 2 for TBill4all
- Follow the next set of commands to complete the transaction
This service known as TBill4all is a collaboration between MTN Ghana and Ecobank Ghana. However you do not need to have an Ecobank account to access this service.
How can I buy Treasury bills in Ghana?
Most financial institutions offer T–bills to the general public with minimum purchases of about GH¢100 or GH¢200.
You can choose to purchase it for 91 days or 182 days, with the 182-day version having a higher interest rate because of the longer maturity period
Can the public buy Treasury bills?
Individuals can purchase T–bills at a discount to the face/value.
Later, they are redeemed at a nominal value, thereby allowing the investors to earn the difference.
Can you lose money on Treasury bills?
There are virtually zero risks that you will lose principal by investing in T–bonds.
There is a risk that you could have earned better money elsewhere. Investing decisions are always a tradeoff between risk and reward.