. What are the main types of treasury bills in Ghana? We will now be sending you a daily newsletter on news, entertainment and more. Interest Rate. 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. }; Ecobank Ghana treasury bill rate is calculated based on the rates obtained from a recent auction. Copyright 2023 by MoneyInAfrica.com. Which banks Have the Highest interest rates in Ghana? It is mandatory to procure user consent prior to running these cookies on your website. Here, we refer to the Government of Ghana treasury bills, but many other governments issue equivalent securities. if(a===document||!0===h(a,d)){var l;l="function"!==typeof a.getAttribute? This website uses cookies to improve your experience. When you purchase t-bills, you're actually loaning out some money to the Bank of Ghana (or the government). How to calculate the treasury bill interest rate is not that complicated. The rate on the interest calculator will be the weekly average interest rate published by the Bank of Ghana. The table below summarizes the answer to the question: What is the difference between Treasury bill and Fixed deposit? You will be notified when done with your purchase with some follow-up advice. it is usually easy to redeem your investment whenever you need it. "+e:f;!0===g&&d(17,b);return}!0===g&&d(18,b)}}function g(b){document.getElementsByTagName("head")[0].appendChild(b)}function m(b,a){function d(){!0!==x&&(!0===f&&(c.readyState=void 0),x=!0,a(c))}var f=!1,x=!1,c=document.createElement("script");c.type="text/javascript";c.src=b;c.onload=d;c.async=!0;c.defer=!0;!0=== So you see? navigator.serviceWorker.register('pwa-service-worker.js') 10/02/2023 || Tenure : 182 DAY BILL || Price : 94.4964 || Coupon Rate : - || Maturity Date : 03/04/2023 || Volume Traded : 20,000. They give the following services concerning your bill; You do not need an account at the bank before you can buy treasury bills at databank. e){for(;0 10s");g()},1E4)});"complete"===document.readyState&&(v(48,"isComplete"),g());"loaded"===document.readyState&&(v(48,"isLoaded"),k());l(document,"DOMContentLoaded",function(){v(48,"DOMContentLoaded");k();l(document.getElementsByTagName("body")[0],"pageshow",function(){v(48,"body pageshow");g()})});l(document,"readystatechange",function(){var a= typeof a&&""!==a?a:null}e=l(e);h(e,function(e){var g=k(e),h=g.split(". How has your experience been with investing in treasury bills in Ghana so far, especially going into January 2023?