Question
You have been appointed as a consultant to the CEO of a hypothetical multinational bank, Newlove Bank. Newlove Bank has operations in Ghana, including the
You have been appointed as a consultant to the CEO of a hypothetical multinational bank, Newlove Bank. Newlove Bank has operations in Ghana, including the eastern and Ashanti regions that have faced severe internal conflict and instability over the past few months. The CEO of the bank, Mr. Paris Asamoah wants a clear account of the risks faced by the bank.
Write a report that outlines the risks faced by the bank. In your report, distinguish between Sovereign and Foreign Exchange Risk and examine the manifestations of these risks in financial institutions. What advice would you offer to the CEO for formulating strategies to manage these and other risks faced by the bank as a result of its operations in parts of the regions affected by internal violence?
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