How to buy treasury bills in Ghana – 2023

How to buy treasury bills in Ghana – 2023.

Investors must open an account with a licensed broker or financial institution that provides treasury bill trading services in order to buy treasury bills in Ghana.

There are three main ways to buy treasury bills in Ghana:

• Through the Bank of Ghana: The Bank of Ghana conducts weekly treasury bill auctions, where investors can submit bids to purchase treasury bills. The minimum purchase amount is GH¢500.
• Through a broker: There are a number of licensed brokers in Ghana who can help you purchase treasury bills. The minimum purchase amount through a broker may vary.
• On the secondary market: Treasury bills can also be bought and sold on the secondary market. This is where investors who already own treasury bills can sell them to other investors. The minimum purchase amount on the secondary market will vary depending on the seller.

Here are the steps on how to buy treasury bills through the Bank of Ghana:

1. Check the Bank of Ghana website for the upcoming treasury bill auction.
2. Submit your bid to the Bank of Ghana.
3. Wait for the results of the auction.
4. If your bid is successful, you will be notified by the Bank of Ghana.
5. Pay for the treasury bills.
6. The treasury bills will be credited to your account.

Here are the steps on how to buy treasury bills through a broker:

1. Contact a licensed broker.
2. Provide the broker with the amount you want to invest.
3. The broker will submit your bid on your behalf.
4. Wait for the results of the auction.
5. If your bid is successful, you will be notified by the broker.
6. Pay for the treasury bills.
7. The treasury bills will be credited to your account.

Here are the steps on how to buy treasury bills on the secondary market:

1. Find a seller of treasury bills.
2. Negotiate the price of the treasury bills.
3. Pay for the treasury bills.
4. The treasury bills will be credited to your account.

Treasury Bill as at July 2023!

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