GHANA COMMITTED TO INVESTING ONE PCT OF GDP ON R&D

ACCRA– The government of Ghana is committed to investing not less than one per cent of the gross domestic product (GDP) on Research and Development (R&D), says the Deputy Minister of Environment, Science, Technology and Innovation (MESTI), Patricia Appiagyei.

This is in line with MESTI’s resolution that funding for R&D in science, technology and innovation must be raised to a significant percentage of the GDP, she says. The President has pledged that a minimum of one per cent GDP will be applied towards research and development and this will be increased with time until it reaches three per cent, Appiagyei added here Wednesday.

She was speaking at the launch of the Open Day of the Council for Scientific and Industrial Research (CSIR) Water Research Institute as part of the 60th anniversary celebration of the CSIR. The open day, hosted by the various institutes of the CSIR throughout the year, bring industries closer to researchers in order to be responsive to the needs of industry and churn out usable technologies to help address some of the country’s development challenges.

The Council’s anniversary is being celebrated this year under the theme, CSIR: 60 years of Research with Impact for Sustainable Development.

Appiagyei, who urged the CSIR to step up commercialization of its R&D findings to generate funds, said the government would support the institute financially to deliver on its mandate. The National Science, Technology and Innovation Fund will be established to support the development of the National STI System of the country. The Fund will be established as an autonomous body with oversight from the MESTI Ministry.

Source: NAM NEWS NETWORK

   

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