Treasury payments stay one of many most secure methods to put money into Ghana. They’re government-backed, simply accessible, and proceed to offer a gentle earnings. However in 2026, one factor is turning into clear. Though treasury payments are nonetheless secure, they’re now not sufficient for buyers trying to develop their capital.
Treasury invoice returns have declined considerably over the previous yr. The rate of interest on 91-day authorities bonds was 25.8% not way back, nevertheless it has fallen to about 10.6%. On the identical time, the inflation fee fell sharply to about 5%. Whereas this indicators better financial stability, it additionally adjustments the panorama for buyers. The window for prime returns that after made Treasury payments so engaging is narrowing.
Authorities insurance policies are additionally shaping this modification. There’s a rising motion to scale back reliance on exterior borrowing and as an alternative elevate funds domestically. This has elevated the frequency of issuance of Treasury Payments, attracting sturdy demand from banks, establishments, and people. Whereas this strengthens confidence in Treasury payments, it additionally contributes to decrease yields as extra funds chase the identical instrument.
In principle, a return of round 10% nonetheless appears constructive in a 5% inflation atmosphere. Nonetheless, while you consider taxes and costs, and the truth that your funds are locked up for a sure time period, the precise advantages are usually not that nice. Merely put, in the present day’s Treasury payments are higher for maintaining your cash than making it develop considerably.
The important thing query for buyers is now not whether or not Treasury payments are possibility. they’re. The actual query is whether or not relying solely on them is sufficient in in the present day’s atmosphere. More and more, the reply is not any.
That is the place a broader perspective turns into necessary. Primarily based on monetary insights and market tendencies, Kukua outlines different funding choices to contemplate in 2026 as returns on conventional merchandise proceed to say no.
Various investments to contemplate in 2026
As Treasury invoice returns calm down, buyers want to begin specializing in rising their cash, not simply maintaining it secure. This implies spreading your investments throughout completely different choices somewhat than counting on only one.
- Purchase shares on the Ghana Inventory Alternate (GSE)
One of the vital direct methods to develop your cash is to purchase inventory in corporations. Whenever you purchase a inventory, you merely purchase a chunk of an organization.
The Ghana Inventory Alternate recorded: One of the vital highly effective runs in latest historical past. In actual fact, the Ghana Inventory Alternate was ranked the second greatest performing inventory market in Africa in 2025, highlighting the power of the bull market. The market returned about 79% in 2025 and continued that momentum in 2026, with durations the place the year-to-date acquire exceeded 70%.
To clarify additional, a GHS 1,000 invested in a few of the high GSE shares in early 2026 may have grown to over GHS 2,200 inside three months. Over the identical interval, a 91-day Treasury invoice will solely set you again about GHS 27.
The right way to make investments? First, open a Central Securities Depository (CSD) account, which is required to buy Ghanaian shares. You’ll be able to then make investments by way of a licensed brokerage or commerce utilizing a digital platform such because the Black Star Brokerage app.
Company bonds are loans made to corporations on behalf of the federal government. In return, the corporate pays you curiosity.
What’s the distinction between bonds and shares? With bonds, you grow to be a lender with fastened curiosity funds that aren’t depending on the corporate’s efficiency, whereas with shares you grow to be an proprietor, whose income (reminiscent of dividends and inventory value appreciation) rely upon the corporate’s efficiency.
Companies even have barely increased dangers than governments. They sometimes provide increased returns than Treasury payments. The upper the chance, the upper the return. Many well-known establishments in Ghana difficulty bonds, making this an intermediate possibility between security and better returns.
To buy company bonds in Ghana, additionally, you will have to open a CSD account by way of an SEC-licensed dealer (reminiscent of a financial institution or funding agency). You then deposit funds into your account to buy bonds, both on new difficulty or on the secondary market by way of the Ghana Mounted Earnings Market (GFIM). As soon as the transaction is settled, curiosity is paid periodically till the bond matures and the principal is returned.
Examples of establishments providing company bonds embrace Ecobank Ghana Company Bonds, MTN Ghana Company Bonds, Customary Chartered Financial institution Ghana Company Bonds, and so forth.
Cryptocurrency generates income in a extra dynamic means. The most typical is improve in capital: Shopping for Bitcoin or Ethereum at a low value and promoting it when the worth will increase.
Some new choices permit buyers to earn returns. One methodology is named staking, which entails locking cryptocurrencies right into a system to assist perform transactions and earn rewards (reminiscent of further cryptocurrencies) in return. Another choice is crypto lending, the place you lend digital {dollars} like USDT or USDC and earn curiosity over a protracted time period.
Though this will likely sound interesting, it is very important perceive that cryptocurrencies are extremely unpredictable. Costs can rise rapidly, however they will additionally fall simply as rapidly. There are additionally dangers reminiscent of losses on account of platform points and lack of regulation.
For that reason, cryptocurrencies are most frequently seen as a high-risk possibility and will solely be a small a part of your total funding plan.
- Depart cash in your MOMO account
we all know. Please take heed to this. Curiously, cellular cash platforms like MTN MoMo in Ghana reward customers with a comparatively small quantity of curiosity on the cash they hold of their wallets.
These suppliers earn curiosity by holding buyer funds in pooled belief accounts with companion banks, and the steadiness is invested in low-risk devices reminiscent of Treasury payments.
The curiosity earned on these pooled funds is split amongst customers on a quarterly foundation. Nonetheless, returns are sometimes minimal, modest, and never fastened, as they rely upon pockets balances, transaction historical past, and regulatory tips.
Consequently, whereas cellular cash could present a small passive return on idle funds, it’s higher considered as a transactional comfort somewhat than a structured funding car. We thought it was nonetheless price mentioning.
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Different notable investments embrace mutual funds and unit trusts. A mutual fund is cash unfold over a number of investments, and a unit belief works equally, shopping for items whose worth adjustments primarily based on their efficiency.
These are funding choices to contemplate.
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Concerning the creator:
David Nii Armaah is a high expertise researcher and business consultant. He has the analytical abilities of an utilized researcher and experience in information, expertise, innovation and digital entrepreneurship. Join by way of LinkedIn: David Nii Armaah
Kukua Darkoa Opong (CA, MSc, FMVA) is an authorized public accountant and monetary skilled. She has a powerful background throughout fintech, auditing and company finance and brings experience in monetary reporting, investing, budgeting and money circulate administration. Join by way of LinkedIn: Kukua Darkoa Opong
