GHANA TO INVEST ONE PCT OF GDP IN SCIENCE, TECHNOLOGY, INNOVATION
ACCRA, The government of Ghana will invest one per cent of the country’s gross domestic product (GDP) in science, technology and innovation, says Minister of Environment, Science, Technology and Innovation (MESTI) Professor Kwabena Frimpong-Boateng.
The government, he said here Monday, was scaling up efforts to invest in science and technology infrastructure to enable Ghanaian innovators to achieve the skills they cherished. Our President has promised to put science and technology at the centre of his government and will, therefore, devote one per cent of GDP into research and development, Prof. Frimpong-Boateng said.
The Ministry would establish a Presidential Advisory Council on Science, Technology and Innovation (STI), draft a Bill on STI Policy as well as set up STI Fund to support research and development, Prof. Frimpong-Boateng said when opening the 2017 Innovation Prize for Africa (IPA) competition in Accra.
The competition, which was being held for a sixth year under the theme, African Innovation: Investing in Prosperity, brought together various stakeholders including innovators, entrepreneurs, investors, leaders of innovation hubs and technology parks, policy-makers as well as cutting-edge African training institutions.
The event was organized by the African Innovation Foundation (AIF), in partnership with the Ministry, the Ghana Investment Promotion Centre and the Ghana at 60 Secretariat.
The AIF, over the past five years, had been an playing active role in supporting the development of African innovation ecosystems through ongoing collaborative programmes and strategic partnerships with governments and innovation influencers across the continent.
Prof. Frimpong-Boateng said Ghana was determined to creating opportunities for economic growth and prosperity through science and innovation. In the quest to build a solid science and technology infrastructure, the Ministry had established technical committees to assist in establishing STI centres to support innovators to transform their ideas into industrial products.
Source: NAM NEWS NETWORK