Best Banks To Buy Treasury Bills In Ghana (2022) | EGHN (2024)

Best Banks To Buy Treasury Bills In Ghana (2022) | Which Banks are the Best to Buy Treasury Bills From in Ghana? | Here are the Best Banks to Buy Treasury Bills from in Ghana|

A Treasury bill (T-Bills) is a short-term investment product (from 91 to 365 days) backed by the Bank of Ghana on behalf of the government. Treasury bills are one of the safest forms of investment because they are backed by the Ghana government and are considered risk-free.

With the nature of things being increased on a daily, everyone is looking for ways they can multiply their money. A few people know that you can invest your money at the bank and layer receive a lot from it. Others also feel unsafe to invest with any bank because of the risk of the bank collapsing at any moment.

However, one of the best and safest ways to invest your money is by investing it in a bank by buying treasury bills.

Much is not known if all banks are to treasury bills but if you are looking for the best bank to buy treasury bills, stay glued to your screen as this article provides you with such information.

Which Banks In Ghana Are Good For Treasury Bills?

• Ecobank Ghana
• CalBank
• Guaranty Trust Bank (GTB)
• Zenith Bank-Ghana
• DataBank

Treasury Bill 4 All

One of the best banks you can buy treasury bills and get the best customer service is with ECOBANK and it can be done at your convenience since it is on a phone.

The ECOBANK TBILL4ALL is a mobile-money-based investment service that allows Ghanaians to purchase and manage Government of Ghana Treasury Bills from their mobile phones. ECOBANK Ghana currently offers the service on the MTN mobile money platform.

ECOBANK TBill4All is a simple, engaging, and interactive self-service that offers a level of convenience that complements your changing lifestyles. With as little as Five Ghana Cedi you too can purchase Government of Ghana 91 and 182 days Treasury bills from your MTN mobile wallet.

To ensure that your money is safe and secure and earns you a good rate of return, register on ECOBANK TBill4All today and purchase treasury bills from your mobile phone anywhere at any time and enjoy continuous peace of mind.

How To Buy Treasury Bills With ECOBANK With Your Phone

• If you are a first-time user dial *770# to register. Once registered, the system will always recognise your user name and grant you access to the product features including the Application, the Interest calculator, the Rediscount as well as the Terms and Conditions of the service.
• The interest calculator allows the prospective customer to have a fair idea of what his/ her investment will earn at maturity. Rates used are those of the previous week and are only indicative and subject to change.
• The rediscount functionality of the service allows customers to terminate their investments before maturity. A partial rediscount is currently unavailable on the service. This is to make the product even more user-friendly and less cumbersome.
• The purchase of Treasury Bills on the platform is a one-cycle transaction with a minimum investment of five Ghana Cedi. The customer’s mobile money wallet is credited on maturity and customers’ may always reinvest the matured proceeds on the platform.
• The product is supported by the ECOBANK Call Centrewhere trained and certified staff are available to provide the requisite support. To contact them call free on shortcode 3225; Airtel, MTN, or Vodafone lines only or on 0302 213 999. To learn more about the service you may also read our Frequently Asked Questions and the Basic Steps for registering for the service and applying for the investment. Terms and conditions apply.

BILL4ALL FAQs

• How would I know that my bill has been purchased?

A confirmation text message will be sent to your phone upon successful purchase of the applicant’s bill.

• What numbers can I call when I need further information and clarifications?

You can call ECOBANk toll-free number 080030000 on Vodafone Landlines and ECOBANk Contact Center on 3225 (Airtel, MTN and Vodafone) or 0302 213 999(ges apply).

• Are there any taxes to be paid when I purchase Treasury Bill on the TBill4All platform?

No, there are no taxes when you purchase Treasury Bill on the TBill4All platform

• What is the difference between Ecobank TBill4All and the conventional Treasury bill?

TBill4All offers the convenience of purchasing Treasury Bill using your Mobile Phone.

• Do I need to register before purchasing Treasury Bill on the TBill4All platform?

Yes, you need a one-time registration on the TBill4All platform.

• Do I need a bank account to purchase a Treasury bill on the TBill4All platform?

No, you do not need a Bank account to purchase a Treasury bill on the TBill4All platform you need MTN Mobile Money Wallet.

• Can I switch from a 91 day to a 182 day Treasury bill before maturity on the TBill4All platform?

No, you cannot switch before maturity you may submit a new application.

• Will I need any specific mobile phone to access the TBill4All platform?

TBill4All platform can be accessed from any phone with an MTN Network.

• Is my money safe when I misplace my mobile phone?

Yes, your money is safe. Please contact MTN Service Center to replace your SIM Card.

• Can a client purchase for a minor?

Yes, to do so the client must maintain the minor as next-of-kin.

• Can I buy more than once?

Yes. Multiple applications are accepted.

• How much do I need to invest in TBill4All?

You can invest a minimum of GHS5.00 in the 91-day or 182-day Treasury Bill.

• What is Next of Kin?

Someone you will like to take ownership of yourTreasury Bill in the event of your death or physical mental incapacitation to manage your investments in TBill4All.

• Can I get my money back before the maturity date?

Yes, you can get your money back by sing a rediscount request from your phone using 770# (Terms and Conditions apply).

• How do I convert the value on my mobile money wallet to cash?

You can use any Ecobank ATM, Ecobank Branch, or MTN Mobile Money Service Centers.

• How do I get my money back when the Treasury Bill matures?

The maturity proceeds will be credited to your mobile money wallet.

• Do I have to come to the branch to invest in TBill4All?

No, you can s your Treasury Bill application by dialing 770# from your phone. You must have funds on your MTN Mobile Money wallet.

• Using this platform, how do I know the number of Treasury Bills I have?

You can access your Treasury bill statement using the View Bill Menu on the platform.

• What are the different types of Treasury Bills available on the TBill4All Platform?

The 91 days and 182 days Treasury Bills are available. Kindly note that one (1) and two (2) year Treasury Notes are not available on the platform but can be purchased at your nearest Ecobank Branch.

• How do I buy Treasury Bills with my phone?

You must subscribe to MTN mobile money service and after that access, the TBill4All platform using the shortcode 770# and follow prompts.

• What is a Treasury Bill?

Short-term investment issued by the Government of Ghana.

TERMS AND CONDITIONS

• The depositor declares that the funds/assets deposited are not from any criminal/illegal sources or activities. The Bank disclaims any liability for any funds or assets deposited by the customer that are subsequently found to have been derived from criminal/illegal sources or activities.
• On occasions where the Bank is not successful at the auction for any particular bill(s), applications will be deemed to be held active for the subsequent auctions until the time that the Bank will be successful at the auction.
• One week before the maturity of a Bill rediscounts are not permitted.
• Applications for Treasury Bills must be received by close of business, that is, on Wednesday GMT16:00. Applications received after Wednesdays GMT16:00 will be deemed to be held active for the following week’s auction.
• The rate on the interest calculator will be the weekly average interest rate published by the Bank of Ghana. The interest rate used on the calculator is for indicative purposes only and is not a guarantee of the actual return on investment.
• By subscribing to this service, you agree that your Telco customer information will be shared with Ecobank per the Bank of Ghana’s regulations.
• Ecobank’s TBill4All does not allow its platform to be used for money laundering and terrorist financing activities.

Treasury Bills With CalBank

This is one of the few banks in Ghana that offers treasury bills at a very good rate with a lot of good conditions.

CalBank treasury bills offer details are listed below;

• T-Bills are a risk-free investment and you can trust investing in them.
• It is such that you may roll over the principal and interest or you may decide to continue.
• T-bill can be converted into cash.
• There is no need for any application transaction cost.
• T-bills can be used as collateral.
• The amount to buy is unlimited, there is no limit to how much one can buy.

What Is The Eligibility To Buying A Treasury Bill?

Calbank treasury bills are available to anyone who is 18 years and have the money to buy. It is also possible to buy for a minor and keep it safe for him until he is old enough to take over. This can also be done for friends, family members, and organizations.

What are the requirements needed to buy treasury bills with Calbank?

You will need the following items;

• A valid ID card
• You will have to complete a Treasury Bills Application from
• A minimum amount of GH 100.00

Treasury Bills From Guaranty Trust Bank (GTB)

Guaranty Trust Bank also offers treasury bills for customers. You can purchase Treasury Bills through GT bank by visiting any of the branches and getting into contact with the relationship officer. These are the T-Bills that are purchased at GT bank;

• 91-day bill
• 182-day bill
• 1-year note
• 2 year fixed note
• 3 year fixed rate bond
• 2-year floating rate note
• 3-year floating rate note bond

Zenith Bank-Ghana Treasury Bills Services

Zenith Bank Ghana is one of the best banks to buy treasury bills from. Zenith Bank also has treasury bills for sale to all who are ready for them. They have the 1-year note, the 2-year Treasury bond, and even the 3-year Treasury bond.

Features of Zenith T-Bill

• Only the principal amount can be rolled over and the accrued interest will be received.
• Rollover both the principal and the accrued.
• It can be rediscounted at the Bank.

The bank makes sure that you are updated on any new development concerning your treasury bill and they also help you manage your portfolio.

Treasury Bills with DataBank

Databank Ghana is one of the best banks to buy treasury bills for your investments. This is because they are driven by qualified and experienced staff who will give you satisfactory attention and some of the best customer service. They make sure that your questions are answered immediately and you are also updated on your bill from time to time through emails, phone calls, and sometimes face-to-face.

With databank, anyone is qualified to buy treasury bills from the bank. Treasury bills from Databank can be purchased with the minimum amount of 500 GH cedis.

How to buy treasury bills with Databank

Treasury bills can be bought from the main branch. All you need is two passport-sized photos, a driver’s license, passport, or voters ID.

You will be asked to fill out an application form to show the amount you want to buy and the type. You will be notified when done with your purchase with some follow-up advice. They give the following services concerning your bill;

• They can refund on maturity
• They roll over on maturity depending on your instructions
• There is no limit to the amount but the minimum amount is GH 500.00

You do not need an account at the bank before you can buy treasury bills at databank.

People also asked the following questions;

What is the interest rate for treasury bills in Ghana?

How do treasury bills work in Ghana?

What is the three-month Treasury bill rate?

What is the minimum amount for a treasury bill in Ghana?