The Ghanaian press on Monday focuses on the revocation of the license of five fund management companies with immediate effect by the Security and Exchange Commission (SEC).
The Daily Graphic reports that the companies are, Capital Partners Limited, Equity Capital Limited, Index Analytics Limited, DM Capital Limited and Oxygen Advisory Limited.
A statement published on the website of the SEC noted that the licences of the companies have been revoked, but it did not give the reasons for their revocation, but was emphatic that they breached some of the industry provisions.
“The Commission wishes to inform the general public that anyone who engages in any transaction with any of these companies or their representatives, in their capacity as Fund Managers, could be exposing him/herself to avoidable risk,” the statement said.
The Ghanaian Times, for its part, says the authority of the University of Development at Tamale has been preparing for a split to operate as two separate campuses.
As a result, two campuses, Wa and Navorongo, both in the northern part of the country, would be merged to form the University of Business and Integrated Development Studies, the Chairman of the governing council, Prof. Nutifafa Kuenyehia, has said.
He expressed the hope that a bill presented to Parliament to ensure they become autonomous will be favourably considered.
The Goldstreet Business on the other hand, says the office of the Chief Justice of Ghana has created a special court for the National Pensions Regulatory Authority (NPRA) to begin the prosecution of the employers, who default in the payment of pension contributions on behalf of their employees.
DAP/GIK/APA