Buying Treasury Bills in Ghana Made Easy: How to buy treasury bills from home. In this article, we have put together a few simple steps you can follow as an investor to buy treasury bills hassle-free. And you can do that anywhere you find yourself without having to go to the banks or any financial institution for that matter.
Going to the bank to do business can usually be quite annoying. thinking about how to drive or trek through the massive traffic jam or hot sun, and joining long queues upon getting there can be frustrating. meanwhile, business as important as buying treasury bills is needful. especially for the reason of safekeeping of your money against possible inflation.
Read Also: Ghana’s Treasury Market – Full Guide.
Good-News is Here
We hereby bring you good news to this effect. buying treasury bills made easy. sure you heard me right. you can now buy treasury bills from the comfort of your home.
but before we zoom in to how treasury bills can be bought from the comfort of your home, lets seize the opportunity to know the current rate of treasury bills in Ghana.
Treasury Bill Rate in Ghana (2020)
|Issue Date||Tender||Security Type||Discount Rate||Interest Rate|
|Period 1 YR FXR NOTE10 YR FXR BOND15 YR FXR BOND182 DAY BILL2 YR FXR NOTE20 YR FXR BOND3 YR FXR BOND364 DAY BILL5 YR FXR BOND56 DAY BILL6 YR FXR BOND7 YR FXR BOND91 DAY BILL|
|02 Mar 2020||1683||182 DAY BILL||14.1019||15.1716|
|02 Mar 2020||1683||91 DAY BILL||14.2091||14.7324|
|02 Mar 2020||1683||364 DAY BILL||15.0460||17.7108|
|24 Feb 2020||1682||91 DAY BILL||14.2290||14.7538|
|24 Feb 2020||1682||182 DAY BILL||14.1039||15.1740|
|17 Feb 2020||1681||182 DAY BILL||14.1115||15.1828|
|17 Feb 2020||1681||364 DAY BILL||15.1171||17.8094|
|17 Feb 2020||1681||2 YR FXR NOTE||20.2000||20.2000|
|17 Feb 2020||1681||91 DAY BILL||14.1760||14.6969|
|10 Feb 2020||1680||91 DAY BILL||14.1799||14.7010|
The above table gives all the details you need to know about the current treasury bill rate in Ghana and other details. This is coming from the bank of Ghana. Now lets narrow down to how you can buy your treasury bills from the comfort of your home.
Stages Of Buying Treasury Bill From Your Mobile Device
From the heading you already know that this can be done with ease from your handset. Note that buying treasury bill with your handset is possible with First Atlantic Bank. So you must first have an account with this bank.
- Download mobile app either from Play Store or the Apple app store depending on the type of your mobile device.
- Sign up for an account where you will be required to link your account
- Log in to get to the dashboard interface
- Tap on bonds and t’bills
- Tap on t’bills
- Now select duration, either 3 or 6 months
- Enter the amount you want to buy
- Tap continue
- You will be given a call after a while to finalize the process
Congrats, with this process dully followed, you will have your treasury bill easily bought. in my next post i will show you how to buy treasury bill with mobile money from your mobile device.
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