What is a Treasury Bill, really?
A Treasury Bill is a loan you give to the Government of Ghana for a short, fixed period. In return, the government pays you interest. When the period ends, you get your original money back plus what you earned.
The Basics
Issued by the Government of Ghana, auctioned weekly through the Bank of Ghana
Available in three maturities: 91 days (~3 months), 182 days (~6 months), and 364 days (1 year)
Current rate: around 27% annualised for the 91-day bill as of mid-2026
Minimum investment: varies by platform, but often GHS 100–500
How You Actually Buy One
You don't walk into the Bank of Ghana directly. You buy T-bills through a licensed commercial bank or a SEC-registered broker. Many banks have online platforms that let you purchase directly. Some fintech apps in Ghana also provide access.
Is It Safe?
T-bills are backed by the Government of Ghana. They have never defaulted on domestic short-term bills. The 2023 DDEP restructured longer-dated bonds — not 91-day or 182-day bills. For a short-term, low-risk saving vehicle denominated in cedis, T-bills are among the most secure options available.
If you have money sitting in a savings account earning 10% when T-bills are paying 27%, you are leaving money on the table. It takes about 30 minutes to open a T-bill account. It is worth 30 minutes.