Are you thinking of investing in treasury bill with Bank of Ghana and want to know their rates? Here is a perfect article for you, all you need to know about Bank of Ghana treasury bill rates are provided.
The Bank of Ghana is the central bank of the country that implement policies and regulate the activities of all bank in Ghana.
READ ALSO: Bank of Ghana Exchange Rate
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 is Treasury bill and how does it work
Treasury bills have periods for which they are determined at matured. This could be months or one year and interest are paid upon it maturity stage and not before. The interest on the T-bill is determined by the rate of the bank as well as the money invested. They are offered with maturities of 28 days (one month), 91 days (3 months), 182 days (6 months), and 364 days (one year).
READ ALSO: Bank of Ghana: Office Locations, Branches and Contact Details
How much does it cost to buy a Treasury bill
The minimum cost of purchasing a treasury bill in Ghana is $100 upward. There are different types of bills but 52-week bill and cash management bill are sold every week, for instead 52-week bill is sold every 4 weeks.
Advantages of Treasury bill
Treasury bills investments have several advantageous factors in terms of security and how safe is it.
There is less or no risk involved in engaging in T-bill investment since it is based by BOG.
It’s a short form of earning income although the interest might not be high, it’s worth raising fund through this means in a short term.
Everyone can invest in T-bill ranging from individuals to corporation organizations.
Bank of Ghana Treasury Bill Rates 2021
| Year | Variables | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2021 | 91-Day Treasury Bill Discount Rate (%) | 13.61 | 13.11 | 12.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | 91-Day Treasury Bill Interest rate Equivalent(%) | 14.09 | 13.55 | 13.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | Monetary Policy Rate(%) | 14.50 | 14.50 | 14.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | 182-Day Treasury Bill Discount Rate (%) | 13.21 | 13.09 | 12.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | 182-Day Treasury Bill Interest rate Equivalent(%) | 14.14 | 14.00 | 13.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | Monthly Average 1 Year Treasury Bill Rate(%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | Monthly Average 364-Day Treasury Bill Discount Rate (%) | 14.50 | 14.46 | 14.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | Monthly Average 364-Day Treasury Bill Interest rate Equivalent(%) | 16.96 | 16.91 | 16.70 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | Inter-Bank Weighted Average(%) | 13.56 | 13.56 | 13.58 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | Ghana Reference Rate (%) | 14.77 | 14.77 | 14.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | Average Commercial Banks Lending Rate (%) | 20.97 | 21.02 | 20.96 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | Average Savings Deposits Rate (%) | 7.63 | 7.63 | 7.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 2021 | Average Time Deposits Rate: 3-Month ( %) | 11.50 | 11.50 | 11.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
