Cultivating the practice of saving will go a long way to help you in your finance. Eco bank Treasury bills are the most easily traded securities you can find on the money market. People are inclined towards the treasury bill is because of its simplicity and security.
T-bills are essentially government-issued money that is intended to gather revenue from the general public.
I hereby recommend Ecobank Treasury Bill for you in case you are in need of a reliable treasury bill in your business.
What are the main types of treasury bills in Ghana?
Treasury bills, as previously indicated, are only good for a brief period of time. The following are the numerous financial transactions available on the Ghana money market.
- 91-Day 0r 3 month Treasury Bill.
- 182-Day or a 6 month Treasury Bill.
- 365-Day or 1 year Treasury Bill
For you to know how much interest can you earn from a treasury bill, you need to know the interest rate.
You need to take note of these forms of investment since the rate of interest on the principal amount may not be huge. All the banks in Ghana comply with the directive of the Bank of Ghana with regard to the interest rate on all treasury bills.
Donʼt always yearns for higher interest rates since some of these low interest at a fixed rate on the principal amount can earn you a decent amount of money.
The most important thing to look out for as an investor is the safety of your investment.
The chart below shows the current treasury bill rates as published by the Bank of Ghana (BoG) up till this week November 2021: