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%