Economy of Ghana Investment instruments to explore following decline of interest rate on TBills

The General Manager of NDK Capital Limited, Kwaku Wolanyo Mensah Hammond shares with what other instruments available in Ghana for investors to take opportunity of.

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Some investors in Ghana have started ditching the Treasury Bill investment instrument in Ghana following the continuous decline in its rates.

At the beginning of 2016, the Treasury Bill rates for the 91 and 182 days was at 22 and 23 percent respectively.

However, according to the Bank of Ghana, as at Wednesday (January 4, 2017) the rate for 91 day TBill had dropped further to 16.7 percent while that of 182 days stood at 17.91 percent.

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Most of the investors are now exploring other investment facilities.

So one will ask, what other investment instruments are available for investors in Ghana.

The General Manager of NDK Capital Limited, Kwaku Wolanyo Mensah Hammond shares with what other instruments available in Ghana for investors to take opportunity of.

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  • This instrument of investment is risk free.
  • Interest in variable – the higher the amount, the higher the interest rate.
  • You can have access to the funds at anytime.
  • Interest currently ranges between 4% -10% per annum depending on the amount and the institution.
  • This account can be started with as low as GHc 50 in some banks.


  • It is an investment account where money is deposited for a fixed period and the interest rate does not change.
  • A Fixed Deposit offers higher interest rates than ordinary savings accounts and is ideal if you want to save for a specific goal, like a wedding or a holiday.
  • This is also Risk free.
  • Principal and interest can be rolled over upon maturity.
  • Types – 30 days, 60 days, 91 days, 182 days and 1 year.
  • Interest currently ranges between 11– 18% per annum depending on the amount and the period. However interest can be negotiated for higher amounts.
  • Can be easily discounted. However there is a fee for early redemption.

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  • They are investment in Companies.
  • Buying it means you are part of the owners of the company.
  • It is quite risky because of the uncertain returns.
  • Traded on the Ghana Stock Exchange.
  • Investors earn dividends.
  • The value of your investments appreciates or depreciates depending on several factors.
  • You need an expert(broker) to advise you on the type of company to invest in.
  • You have to monitor the performance of your shares on the stock market.
  • It is advisable to invest in shares from different sectors for better dividends. E.g. invest in a financial company and a food processing company.

    4. BONDS

  • It is a long term investment instrument.
  • Has a fixed interest rates.
  • Considered as a lender to the organization whiles you are considered as an owner with shares.
  • Lower risk than shares – when there is bankruptcy, debts are paid before equity.

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  • Professionally managed type of collective investment scheme.
  • Diversification.
  • Liquidity.
  • Pools money from many investors and invests typically in securities, such as stocks, bonds, short-term money market instruments etc.
  • It is quite risky because returns are uncertain.
  • Can start with relatively smaller amounts e.g. GHc 10.

    6. Other Business Venture –An emerging business opportunity

  • Emerging business opportunity. Talk more about finance lease – Car work and pay methodology.
  • Transfer the risk (Comprehensive insurance) to very reputable insurance companies who pays claims promptly.
  • Investing in a business for yields.