How to buy treasury bills with MTN Mobile Money (MoMo)
What are Treasury Bills/Notes?
Treasury bills/notes (T-Bills) are short term money market instruments issued by Bank of Ghana (BOG) on its own account or on behalf of the Government of Ghana (GOG). This is a common method used by governments to borrow money from citizens for development purposes.
What are the types of Treasury Bill/Bonds in Ghana?
The various types of bills/bonds listed on the Ghanaian money market are as follows:
- 91-day Treasury Bill
- 182-day Treasury Bill
- 1 and 2-Year Treasury Notes
- 3 and 5-Year Bonds
What are the types of Treasury Bills available in Ghana Now?
With the introduction of the weekly wholesale auction, available instruments will be advertised in the national papers. Currently, the available instruments are the 91-day and 182-day treasury bills, as well as 1 and 2 year notes. These may be purchased with a minimum amount of GH¢500. Treasury bills/notes may be bought on the primary or secondary market.
Why should I invest in Treasury Bills and/or Notes?
- You earn a fixed rate of interest which yields/gives a steady source of income
- Treasury bills and notes are rated as ‘risk free’. Returns are absolutely certain in monetary terms since they are backed by the full faith and credit of the BOG and GOG. The interest rates quoted are competitive
- Treasuries can effectively be used as collateral for a loan
- Treasuries can easily be sold or discounted
- Statements can be used when applying for visas
Who can buy Treasury Bills?
Buying and selling of treasury bills/notes is open to all Ghanaian citizens, institutions and foreign residents in Ghana and abroad.
Eligibility
Anyone above 18 years can buy treasury bills. However, you can buy T-Bills for a minor and hold it in trust for him or her. It can also be held in trust for family members, friends or organizations
How to buy treasury bills with MTN Mobile Money (MoMo)
Did you know you can buy treasury bills with your MTN MoMo account? Here’s how to apply.
TO APPLY FOR TBILL
- Dial *170#
- Enter 5 for Financial Services
- Enter 4 for Pension and Investments
- Enter 2 Buy Treasury Bills
- Select 2 to Apply
- Choose Tenure
- Enter Amount
- Select or Approve Next of KIN
- Select 1 to proceed with payment
- Enter MM PIN
- You will receive a notification for a successful transaction
MTN MoMo is safe, fast and secure.
