How To Buy Treasury Bills In Ghana With Mobile Money
“How to buy treasury bills in Ghana with mobile money”
Treasury bill purchases have gotten simpler and more convenient as a result of MTN mobile money services. With this, you may quickly purchase Treasury Bills from the comfort of your house without having to travel even a short distance to the bank. Treasury Bills are accessible through the MTN mobile money portal’s financial services section. I will walk you through the process of how to buy treasury bills in Ghana with MTN Mobile Money in this article. You may also like this 7 Best Money Making Apps In Ghana That Will Earn You Extra Cash In Your Leisure Time
How to buy treasury bills in Ghana? Let’s walk through! Short-term money market instruments known as Treasury Bills (T-Bills) are ones that the Bank of Ghana (BOG) issues for either its own use or on behalf of the government. This is a common method used by governments to borrow money from locals to fund development goals. Treasury bills come in several different varieties in Ghana. Following are the many categories of Treasury Bills available in the Ghanaian money market. Consider these types of treasury bills if you are looking for how to buy treasury bills in Ghana with mobile money.
√ 91-day (3 months)
√ 82-day Treasury Bill (6 months) √ 3 and 5-Year Bonds
√ 1- and 2-Year Treasury Notes and Treasury Bills
National publications will publish ads for available instruments as soon as the weekly wholesale auction starts. The 91-day and 182-day treasury bills, as well as the 1-year and 2-year notes, are currently available instruments. Read also Banks With The Best High Interest Savings Account in Ghana
How To Buy Treasury Bills In Ghana With Mobile Money
Treasury bills are incredibly advantageous and risk-free. This is due to the fact that they are supported by the BOG and GOG’s full faith and credit. This means that all financial gains are assured. You receive a fixed rate of interest, generating a constant flow of income. Statements are helpful while requesting visas. They could serve as loan collateral. All Ghanaian people, institutions, and foreign residents in Ghana and abroad may purchase them for a reasonable price or at a discount. Any person who is at least 18 years old can buy Treasury bills. T-Bills, however, can be bought for a minor and held in trust. It can also be held in trust for members of your family, close friends, or nonprofits. Read also Amazing Reasons You Need To Consider Cryptocurrency Investment As a Long-Term Investment Opportunity In Ghana
Steps For Using MTN Mobile Money to Purchase Treasury Bills
Please adhere to the instructions below on how to buy treasury bills in Ghana with mobile money:
Dial *170# followed by the following key combinations: Press 5 for financial services, enter 4 for pension and investments, enter 2, and then select 2 to apply.
Choose the tenure, enter the amount you wish to spend, choose or approve the next KIN, click “1” to continue, and then enter your MM PIN.
Finally, You’ll get a message that the transaction was successful. It’s just as easy to open an MTN Mobile Money account for a Treasury Bill. If you want to purchase a Treasury Bill, you can also open an MTN Mobile Money account for a Treasury Bill first, and then purchase the Bill. To register, follow the instructions below:
Dial *170#, Press 5 for financial services Choose 4 for pensions and investments, Press 2 to access Treasury Bills. Choose 1 to register Send by entering your full name. Name of your nearest relative to you, Input the phone number of your next of kin. T-Bills (Treasury Bills) can be purchased for as little as 500 Ghana cedis. Please take note that purchasing treasury notes carries no danger because they are fully guaranteed by the Bank of Ghana and the Ghanaian government. Read also 4 Simple Steps To Turn Your Hobby Into a Money Making Business That Works Perfectly
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