How to Purchase Treasury Bills (T-Bills) on the Black Star App

Follow these steps to purchase Treasury Bills at the primary auction using the Black Star App:

1. Open the App

   • Launch the Black Star App on your mobile device.

2. Navigate to the Invest Page

   • Tap on the Invest tab located in the menu bar at the bottom of the screen.

   • On the Invest page, select the Fixed Income tab to view Treasury Bill options (Auction & Tbills).

   • To participate in primary auction selection the Auction in the dropdown, if its not already selected
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3. Select the Desired T-Bill Option

   • You will see multiple T-Bill options such as 91 Day GHS T-Bill, 182 Day GHS T-Bill, and 1 Year T-Bill. Tap on the Bid button next to your preferred option.

4. Select Your Portfolio

   • Under Select Portfolio, choose the portfolio you want to use for this investment

5. Enter the Amount You Want to Invest

   • Input the amount you wish to invest in T-Bills. Make sure to check your buying power (displayed in the app) to ensure you have enough funds for the transaction.

6. Choose Your Bid Type

   • Select your preferred Bid Type:

     • Non-Competitive Bid: The most common option for amounts below GHS 500,000.00. Here, you agree to accept the final interest rate set at the auction. Note: You won’t know the exact rate at the time of purchase.

     • Competitive Bid: This option is available for amounts of GHS 500,000.00 and above. You specify the interest rate you’re willing to accept, but there’s no guarantee your bid will be accepted if the rate is too low.

7. Review Your Order

   • The app will display details such as the previous rate (e.g., 28.03%) and your chosen bid type. Confirm that everything is correct before proceeding.

8. Confirm and Complete the Purchase

   • Tap the Buy button to submit your order. 

9. Receive Confirmation

   • Once your purchase is successful, you’ll receive a notification. The T-Bills will be added to your selected portfolio.

You can also purchase already issued tbills on the App. Check this guide: How to Buy Existing Treasury Bills (T-Bills) on the Black Star App

Need Help?

Should you encounter any issues or have questions, our support team is ready to assist.