Bank of Ghana Treasury Securities

Ghana Stock Exchange

Frequently Asked Questions

The various types of bills/bonds listed on the Ghanaian money market are as follows:

  • 91-day Treasury Bill
  • 182-day Treasury Bill
  • 1 and 2-Year Treasury Notes
  • 3 and 5-Year Bonds

  • Databank is driven by qualified and experienced staff as well as customer friendly systems which enable effective prompt responses and personalized services through email, telephone calls and face-to-face investment advisory
  • Databank offers free services in purchasing Bank of Ghana Treasury bills/Bonds and after sales investment advisory services
  • Maturity amount or interest received on purchase of treasury bills can be transferred to client’s bank account upon request
  • Treasury bills can be re-discounted at any time upon demand

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.

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:

  • Forward detail advice slip after purchase
  • Refund on maturity (subject to your instruction)
  • Roll-over on maturity (subject to your instructions)
  • Make available to you the broad rand of Databank's Research Bulletin on the economy and investments

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.

  • You earn a fixed rate of interest which yields/gives a steady source of income
  • Treasury bills and notes are rated as 'risk free'. Returns are absolutely certain in monetary terms since they are backed by the full faith and credit of the BOG and GOG. The interest rates quoted are competitive
  • Treasuries can effectively be used as collateral for a loan
  • Treasuries can easily be sold or discounted
  • Statements can be used when applying for visas

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:

  • Credit your account with the full value of your investment
  • On instruction, will re-invest (roll over) your investment immediately
  • Transfer accrued interest to your bank account or alternatively issue a cheque
  • Pay interest on maturity and reinvest the principal

Yes, a minimum of 7 working days is required for any change of instruction before the maturity of a bill.