Treasury bills (T-bills) are one of the safest and easiest ways to grow your money in Ghana. If you’ve ever wondered how to invest in them without visiting a bank, you’re in luck. Thanks to MTN Mobile Money (MoMo), you can now buy Treasury bills from your phone in just a few minutes. Let’s break it down step by step so you can start investing with confidence.

What Are Treasury Bills, and Why Should You Care?

Think of Treasury bills like a savings plan where you lend money to the government for a short period, and they pay you back with some extra cash (interest). It’s like giving a friend money today and getting back a little more after a few months. The best part? Since the government guarantees T-bills, they are one of the safest investments out there.

Key Benefits of Treasury Bills

Now that you understand why T-bills are worth considering, let’s get into how to buy them using MTN MoMo.

Step 1: Register for a Treasury Bill Account on MTN MoMo

Before you can buy T-bills, you need to register. Here’s how:

1. Dial *170# on your MTN phone.
2. Select Financial Services.
3. Choose Pensions and Investments.
4. Select Buy Treasury Bills.
5. Choose Register.
6. Enter your full name (as it appears on your ID).
7. Enter your next of kin’s full name.
8. Provide your next of kin’s phone number.

Once you complete these steps, your Treasury bill account will be set up, and you can start investing.

Step 2: Buy a Treasury Bill Using MTN MoMo

Now that your account is ready, follow these simple steps to buy your first Treasury bill:

1. Dial *170#.
2. Select Financial Services.
3. Choose Pensions and Investments.
4. Select Buy Treasury Bills.
5. Choose Apply.
6. Pick a duration: 91 days, 182 days, or 364 days.
7. Enter the amount you want to invest.
8. Confirm your next of kin details.
9. Approve the purchase to complete the transaction.

Once done, the money will be deducted from your MoMo wallet, and you’ll receive a confirmation message.

Step 3: Check Your Treasury Bill Balance

Want to see how your investment is doing? Here’s how:

1. Dial *170#.
2. Select Financial Services.
3. Choose Pensions and Investments.
4. Select Buy Treasury Bills.
5. Choose More Options.
6. Select View Bills.

You will see all your active T-bills and their details.

Step 4: Cash Out When Your Treasury Bill Matures

When your Treasury bill matures, your money (plus interest) is automatically sent to your MoMo wallet. No need to do anything! You’ll get a notification once the funds are deposited.

Can You Withdraw Before Maturity?

Yes! If you ever need your money before the Treasury bill matures, you can rediscount it. However, keep in mind:

• You cannot withdraw within the last week before maturity.
• You might receive a lower payout if you withdraw early.

Important Treasury Bill Terms You Should Know

Frequently Asked Questions (FAQs)

What is the minimum amount I can invest?

You can start with as little as GH₵5.

How do I know when my Treasury bill matures?

You will receive an SMS notification when your investment matures.

What happens when my Treasury bill matures?

Your principal + interest will be automatically deposited into your MTN MoMo wallet.

Who can I contact for help?

If you have any issues, contact Ecobank at:

• Toll-Free: 3225 (MTN, AirtelTigo, Telecel)
• Other Networks: 0302213999 (charges may apply)
• Email: ecobankgh@ecobank.com

Buying Treasury bills with MTN Mobile Money is one of the easiest and safest ways to grow your money in Ghana. Whether you’re saving for something big or just want to invest smartly, T-bills are a great choice. Now that you know how it works, why not give it a try? Your future self will thank you!