Phone : +233 30-290-2068 / +233 30-221-1411 / +233 50-141-0497
Email :   info@gcfmghana.com

Share Price @  Wed Apr 26 2017 :

Volume Traded:

  • AADS 0.48, 0

    0

  • ACCESS 3.9, 0

    0

  • ACI 0.01, 0

    0

  • ADB 3.83, 0

    0

  • AGA 37, 0

    0

  • ALW 0.14, 0

    0

  • AYRTN 0.1, 0

    0

  • BOPP 3.22, -0.28

    300

  • CAL 0.75, 0.09

    100

  • CLYD 0.03, 0

    0

  • CMLT 0.12, 0

    0

  • CPC 0.02, 0

    0

  • EGH 7.49, 0

    55700

  • EGL 2.4, 0.01

    276300

  • ETI 0.11, 0

    0

  • FML 11.32, 0

    8400

  • GCB 5.2, -0.02

    70900

  • GGBL 1.52, 0

    0

  • GLD 38.8, 0

    0

  • GOIL 1.35, 0.03

    150100

  • GSR 1.95, 0

    0

  • GWEB 0.01, 0

    0

  • HFC 0.52, 0

    20000

  • HORDS 0.1, 0

    0

  • IIL 0.09, 0

    47000

  • MAC 6, 0

    0

  • MLC 0.12, 0

    0

  • MMH 0.11, 0

    0

  • PBC 0.04, 0

    0

  • PKL 0.05, 0

    0

  • PZC 0.2, 0

    0

  • SAMBA 0.72, 0

    0

  • SCB 15.46, 0

    0

  • SCBPREF 0.75, 0

    0

  • SIC 0.09, 0

    0

  • SOGEGH 0.76, 0

    1100

  • SPL 0.02, 0

    0

  • SWL 0.04, 0

    0

  • TBL 0.25, 0

    0

  • TLW 20.94, 0

    0

  • TOTAL 2.22, 0

    1648

  • TRANSOL 0.03, 0

    0

  • UNIL 9.05, 0

    0

  • UTB 0.06, 0

    20300

Treasury Unit

  • This unit manages our Treasury portfolio; buying and selling BoG/ GoG Treasury bills/notes/bonds for clients and on our own account.
  • This type of investment is for all clients with short term orientation and a need for regular secured income. Treasuries guarantees returns for the duration of the investment.
  • Duration of such ranges from 0 – 91 days; 182 days; 1 year; 2 years; and 3 years etc.
  • We also offer rediscount services to clients who are unable to wait till the maturity of their bills.

Treasury Bills

Definition: A Treasury Bill (or T-Bill) is a government short term bill that works like a loan. The government agrees to pay the lender a predetermined interest rate for a specific duration (91-days, 182-days, 1-year, or 2-years). At an agreed-upon date, the government repays the loan with the agreed interest. T-Bills help government finance current expenditures by borrowing from its citizens, foreigners, or companies.

Target Customers: Treasury Bills are for investors that especially are risk-averse. Investors that fear losing money, including those that are retired or nearing retirement age, are ideal candidates for these types of investments.

Product features:

  • Security: government-backed
  • Fixed Returns: rates agreed-upon before purchase
  • Low Returns: rates are typically the lowest on the market

Product Benefits:

  • Security: Treasury Bills are attractive because of their security. It should be
  • Real Growth: They are typically priced with inflation in mind. Inflation is the rise
  • Liquidity: Gold Coast offers rediscounting for Treasury Bills so investors can stressed that there is little to no risk in these types of products. in general levels of prices of goods over a period of time. claim their money before the maturity date if necessary.

Treasury Bills - Frequently asked Questions

A Treasury Bill (or T-bill) is a government short term bill maturing in less than a year. T- bills work like a loan. The government (or issuer) agrees to pay the lender (or holder) a predetermined interest rate for a specific duration. At an agreed-upon date (or maturity date), the government repays the loan with the agreed interest. T-Bills help government finance current expenditures by borrowing from its citizens, foreigners, or companies. Government public borrowing longer than one year is referred to as government bond.

T-bill durations are typically 91-days (3 months), 182-days (6 months), and 1 year. The ending date for a T-bill is referred to as the maturity date. Interest rates will vary depending on the size and duration of the investment. Thus, buying a GH₵ 500 91-day Treasury Bill would yield lower earnings than a GH₵ 500 182-day Treasury bill, and buying a GH₵ 1,000 182-day Treasury bill would yield lower earnings than a GH₵ 100,000 182- day T-bill.

Inflation is a rise in the general levels of prices of goods in a economy over a period of time. When the general levels of prices rise, each unit of currency buys fewer goods, so inflation reflects a reduction in the purchasing power of money.

Unlike most dealers, Gold Coast will repurchase a Treasury bills from a client at any time. For a small fee, any client can redeem a Treasury bill and collect the balance for their immediate needs.

One cannot simply go to the Bank of Ghana and purchase a Treasury Bill or a corporation to buy a corporate bond. Instead, purchases are made through authorized dealers or agents such as Gold Coast Fund Management.

Risk is determined by the entity that backs the instrument. Thus, a corporate bond’s risk depends on the financial status of the company at the time. A government Treasury Bill is typically considered ‘risk-free’, but if the government defaults on its debts, the bond- holders could lose their investment.

Upon maturity, the T-bill holder can rollover initial investment (or principal), the interest, or both. The T-bill holder can also cash out all or part of the bond. T-bills are discount instruments and so the lender pays the discounted value at the time of purchase and receives the face value on maturity. This means that the interest is given up-front instead of upon maturity. If a person decides to wait until maturity to claim their interest, they are compensated for doing so.

Bank of Ghana pays dealing agents such as Gold Coast Fund Management, so the client does not pay any fee. There is however a small fee if a client wishes to redeem a Treasury bill before the maturity date.