Question
Question 1 Vico Bank Ltd. has just been issued with a Universal Banking License (provisionally) by the Bankof Ghana (BOG) to operate business of banking
Question 1
Vico Bank Ltd. has just been issued with a Universal Banking License (provisionally) by the Bankof Ghana (BOG) to operate business of banking in Ghana. The Bank is duly incorporated in Ghana and has fulfilled all the initial legal and regulatory requirements. However, Vico Bank Ltd. failed to meet its target for the first quarter IN 2020 due to COVID-19.
The Board and Management of the Bank has decided to engage a consultant who has an in-depth knowledge, skills and understanding in treasury operations and risk management to set-up and manage the treasury department of the Bank. The Board and Management have decided to employ you as the new Treasury Manager.
You have been called upon by the Board of Vico Bank Ltd. to make a detailed 12 hour presentation on how you are going to organize the treasury department.
(a) Suggest five strategic ways you can help them to improve their cash management
(b) Explain how you are going to implement them.
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