Key takeaways
- You can buy Treasury bills using MTN mobile money through *170# USSD code.
- When your T-bill matures, the full amount plus interest is automatically deposited into your MTN mobile money wallet.
- You can invest in T-bills with as little as GH₵5 and get your money back before maturity.
MTN and Ecobank Ghana have made it easier to buy Treasury bills using MTN mobile money. In this guide, we will show you how to do it.
What are treasury bills?
Treasury bills are short-term investments offered by the Bank of Ghana and backed by the government. When you buy a T-bill, you lend money to the government for a set period (91, 182, or 364 days) and earn interest.
For example, if you invest GH₵100 upfront for a 91-day Treasury bill with a 10% annual interest rate, you will receive your GH₵100 plus the calculated interest (GH₵2.50 for 91 days) at the end of the period.
Quick tip: Use an investment calculator to estimate your returns before buying based on the current T-bill interest rates.
How to create a treasury bill account on MTN?
To purchase Treasury bills with MTN mobile money, you first need to create an account. Here’s how to do so:
- Dial *170#.
- Select Financial Services.
- Select Pensions and Investments.
- Select Buy Treasury Bills.
- Select Register.
- Enter your full name.
- Enter the full name of your next of kin.
- Enter your next of kin’s contact.
Once you’ve completed these steps, your Treasury bill account will be set up and ready for use.
How to buy a treasury bill with MTN MoMo?
Once your account is set up, you can purchase or apply for T-bills.
- Dial *170#.
- Select Financial Services.
- Select Pensions and Investments.
- Select Buy Treasury Bills.
- Select Apply.
- Choose a tenure (91 days or 182 days).
Note: At the time of publication, the Ecobank TBill4All service was temporarily unavailable, so we couldn’t complete a purchase. We spoke to their support agent, who confirmed this would be resolved soon.
- Enter the amount you want to invest.
- Confirm next of kin.
- Confirm purchase.
- Go to your approval list to authorise the purchase.
Once you complete these steps, the funds will be deducted from your MoMo wallet, and you’ll receive a confirmation message.
How to check your treasury bill statement?
After you invest, you might occasionally want to check your Treasury bills statement.
Dial *170#, then select Financial Services. Next, choose Pensions and Investments, then Buy Treasury Bills. Afterwards, select More Options and View Bills to see all your active T-bills.
Benefits of buying treasury bills
Here are some benefits you gain by buying Treasury bills:
- Treasury bills are considered one of the safest investments because of government backing.
- Treasury bills can be easily redeemed before or upon maturity, offering quick access to your money.
Some important terms to know
Here are some terms to know to aid your understanding of the Treasury bill and how it works:
- Face value: The amount you’ll receive at the end of the term.
- Discount rate: The rate at which the Treasury bill is sold at a discount.
- Interest rate: The rate of profit you make for the period.
- Maturity: The period length of the Treasury bill, such as 91 days, 182 days, or 364 days.
If you have any questions or support issues, contact Ecobank by dialling their toll-free number, 3225 (available on AirtelTigo, MTN, or Telecel) or 0302213999 (charges apply), or by emailing ecobankgh@ecobank.com.
FAQs
How do I get my money back when my Treasury bill matures?
Once the T-Bill matures, the face value will automatically be credited to your MTN mobile wallet.
Can I get my money back before the Treasury bill matures?
Yes, you can get your money back before maturity (rediscounting). However, discounts are not permitted one week before maturity.
What is the minimum amount of Treasury bills I can buy?
You can start with a minimum investment of GH₵5.
Conclusion
MTN MoMo makes investing through Treasury bills simple, accessible, and convenient for everyone.
With this easy step-by-step guide, you can manage your T-Bill investments and grow your money from the comfort of your phone.
Share your questions and experiences in the comments.
2 Comments. Leave new
Dear sir/ma,
Good morning, can a foreigner but a Treasure bill? If yes, what are the criteria for purchase?.
Thank you.
Hello Oluwole, if you own an MTN Ghana SIM, you can follow the process above to purchase a t-bill, regardless of whether you’re Ghanaian or not.