Former Chief Executive Officer of the Korle-Bu Teaching Hospital, Professor Frimpong Boateng, has bemoaned the percentage of the country’s Gross domestic product (GDP), dedicated to research.
Speaking in an interview on the Radio XYZ breakfast show on Tuesday, he described the less than 0.5% of the nation’s GDP dedicated to research as woefully inadequate.
The cardio expert added that investing largely in research would lead to the upsurge of new and innovative products and enterprises, which would make the country competitive on the global scale.
“On paper, Ghana spends a lot of money on education. We spend over 6 percent of our GDP on education. The average is about 5 percent and that is commendable. But when we go in the details, a lot of money goes into paying staff. Now what is devoted to research is less than 0.5 percent that is why we are not making any headway with our education. We seem to be educating a lot of people, but education is not contributing much to our GDP. How much products from our universities contributed in GDP? How many new enterprises have come out from education? I believe that if we should spend about 1.5 or 2 percent of our GDP on research, it will make a big difference.”
He further noted that the Council for Scientific and Industrial Research has not been fully beneficial to the country as a result of low investment in research.
“Research allocation given to private universities not enough; if we take CSIR for instance, with 13 institutes and they are stuck in the 1960’s and using 1960 technologies, as such we are not deriving the benefit we are supposed to get from”
Professor Boateng also appealed to government to support the private sector extensively to help grow the country’s economy.