Treasury bill is a short-term investment product issued by the Bank of Ghana on behalf of the Government.
It has a tenure of 91days, 182days and 365 days at different treasury bill rates in Ghana. Anytime you choose to buy treasury bill, you will be paid your capital plus interest at maturity.
Treasury bill is considered as one of the safest investment products because it is backed by government.
Why Buy Treasury Bills?
- Treasury bills are risk-free and interest is guaranteed
- You can use your treasury bill holdings as collateral for bank loan.
- There are no applicable transaction fees with treasury bill
- You can easily liquidate your T-bills to cash
- T-bills are safe as it is backed by government.
- Interest earned on T-bills are not taxed in Ghana
- You earn a fixed rate of interest.
- Your T-bill statements can be used to boost visa application process.
- You have the option to roll-over your investment
Where can I Treasury Bills in Ghana?
T-bills are sold by financial institutions permitted by the Bank of Ghana and licensed by the Securities and Exchange Commission (SEC).
Ecobank Treasury bills are the most affordable and easily traded on the Ghanaian money market.
The bank introduced the TBILL4ALL product that allows the public to buy treasury bills through MTN mobile money with as low as Gh₵5.00.
What are the current Treasury Bill (TBILL) rates in Ghana?
Here is the updated treasury bill rate in Ghana as at July, 2022, published by the Bank of Ghana:
|Issue Date||91 DAY BILL Interest Rate||182 DAY BILL Interest Rate||Issue Date||364 DAY BILL Interest Rate|
|04 Jul 2022||25.8821%||26.5718%||27 Jun 2022||27.4272%|
|27 Jun 2022||25.6383%||26.4008%||13 Jun 2022||26.8627%|
|20 Jun 2022||24.6805%||25.9833%||30 May 2022||24.4637%|
|13 Jun 2022||23.6991%||25.4082%||16 May 2022||21.5488%|
|06 Jun 2022||22.5743%||24.4105%||09 May 2022||20.6521%|
|30 May 2022||19.9389%||22.9499%||25 Apr 2022||19.6735%|
|23 May 2022||19.0807%||20.7641%||18 Apr 2022||18.8514%|
|16 May 2022||18.2262%||19.2623%||11 Apr 2022||18.2736%|
|09 May 2022||17.8800%||18.8059%||28 Mar 2022||17.1051%|
|02 May 2022||17.4085%||18.5268%||14 Mar 2022||16.9563%|
Treasury bills are a better choice of investment for only the short term, however, you can continuously roll it over for as long as you want.
If this post helpful, please like and share. As I always say, seek professional financial advice whenever you are not sure of your investment choices.
You can read the 10 best investment advices as a guide.