Ghana Stock Exchange
Ghana Stock Exchange
The various types of bills/bonds listed on the Ghanaian money market are as follows:
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.
Buying and selling of treasury bills/notes is open to all Ghanaian citizens, institutions and foreign residents in Ghana and abroad.
With the introduction of the weekly wholesale auction, available instruments will be advertised in the national papers. Currently, the available instruments are the 91-day and 182-day treasury bills, as well as 1 and 2 year notes. These may be purchased with a minimum amount of GH¢500. Treasury bills/notes may be bought on the primary or secondary market. Also available are the following shorter term bills issued by Databank on its own account: 7 Day, 28 Day, 42 Day, 56 Day and 84 Day.
You can contact our main branches with two passport sized photos, driver's license, passport or voters ID.
You will fill an application form indicating the amount you wish to buy and type of instrument. Databank Brokerage Limited will then do the purchase on your behalf and advice you immediately upon successful completion. Databank has specialists who focus on providing very efficient and personalized fixed income services to our clients.
Databank as a designated distributor will provide the following administrative services free of charge:
No, there is no upper limit but a minimum amount of GH¢500 is required for the purchase.
No, there is no need for a bank account before you buy the bill or note from Databank.
A contract note showing the amount invested, the maturity value and the rate at which the bill was purchased will be emailed to you. You can also phone any of our branches or walk in to inquire.
At maturity, Databank Brokerage Limited will instantly:
Yes, a minimum of 7 working days is required for any change of instruction before the maturity of a bill.