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Home Business News

Treasury Bills Rate In Ghana Vs Nigeria

Nairametrics by Nairametrics
January 9, 2016
in Business News
Treasury Bills Rate In Ghana Vs Nigeria
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For those discouraged by the low treasury bills rate currently obtainable in Nigeria, Ghana might just be the next destination. Treasury bills in Ghana for the first week in January was 23% for a 1 year investment, 91 day yield is about 22.79% and 182 days yield now 24.35%.

Just like Nigeria, Ghana has been battling with a commodity bust that has made its currency one of the worst performing currencies in Africa.

 

 

Treasury bills rate in Nigeria has plummeted since the CBN changed its monetary policy stands and reduced the CRR to 20% and MPR to 11%. 90 days treasury bills rate in Nigeria 4.04%, 182 days 7.86% and 365 days 8.14%

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Tags: Treasury Bills

Comments 3

  1. Bash B says:
    January 9, 2016 at 2:30 pm

    So, how does a Nigerian lend the Government of Ghana some cheddah 🙂 ?

    Reply
    • Nairametrics says:
      January 9, 2016 at 2:44 pm

      You can invest through a broker in Ghana

      Reply
      • Bash B says:
        January 9, 2016 at 2:54 pm

        Ok – thanks.
        Got any broker recommendations for a first-timer?

        Reply

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