T’ Bills, gold Ghanaians need to mine

Ghanaians are yet to benefit from Treasury Bills (T’Bills) as being seen in other countries, according to Mrs. Rita Tsegah, the Executive Director, Ecobank Capital Advisors.

At a training workshop for financial journalists in Kumasi, Ashanti Region, Executive Director, Ecobank Capital Advisors, noted that even though the product was developed in Ghana, some African countries who came to study it years back were now making more profits from it than Ghanaians.

With the introduction of mobile phone apps to access the product which was developed by Ecobank Ghana, Mrs. Tsegah was of the belief that not only would it be more accessible to Ghanaians but making money in an easier way was now at the doorstep of everyone.

She noted that with the introduction of a mobile phone app in accessing Treasury Bills was a sure way to enhance inclusiveness in financial growth for all in the country.

“The Digitalisation of financial services has led to the transformation of the Ecosystem. This has enhanced access to, and the use of the digitally recognised financial services by the under-banked and unbanked members of the society,” she explained.

Even though treasury bills has been in banks several years, many Ghanaians are yet to either have any knowledge about it, or purchase some to enjoy the huge benefits it comes with.

Private Newspaper Publishers Association of Ghana (PRINPAG) with support from the Bank of Ghana organised the training workshop.

PRINPAG has been holding similar workshops in the Central and Western Regions after a successful one in Accra.

The aim of the training is to equip journalists with the requisite knowledge in correctly reporting in business and financial issues across the country.

President of PRINPAG, Kenteman Nii Laryea Sowah, in his welcome address urged Bank of Ghana to decentralise the press conferences on its policy statements to enable journalists in the regions have a feel of them.

According to him, journalists at the regional levels also can have a feel of the atmosphere surrounding such events.

Knowing that there are some journalists who have never seen the BoG’s policy statement, such decentralisation would be of great help to them and also enhance the training relationship between the BoG and PRINPAG.


Story: From James Appiakorang Jnr., KUMASI, ASHANTI REGION

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