![\"part](\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/07\/part-1.jpg\")
<\/p>\nLess than 1 percent of Ghana’s Gross Domestic Product \u00a0(GDP) is spent on research and development, a study by the World Bank has found.<\/p>\n
The report stated that Ghana has pumped 0.38% of its GDP into research consistently every year since 2007.<\/p>\n
[contextly_sidebar id=”OyCBwoIKSjGCFpZQuGKC5ftrU0T95gt2″]The figure, which was the average from 2007 to 2012 was the 74th largest in the world out of the 113 countries sampled and the 12 in Africa.<\/p>\n
Japan, Sweden, South Korea, Finland and Israel averagely invest over 3% of their GDP on Research and Development with the Israelis spending over 4% on R&D.<\/p>\n
South Africa is Africa’s highest spender on research, investing 0.76% of its GDP annually.<\/p>\n
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However, the UN has stated that the negligible\u00a0investments in\u00a0science and technology in most countries across the, impacting the abilities of countries to escape poverty and address urgent crises such as\u00a0climate change.<\/p>\n
![\"part2\"](\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/07\/part2.jpg\")
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According to the UN\u2019s Scientific Advisory Board, governments should aim much higher: According to the panel, \u201cup to\u201d 3.5 percent is a better goal in order to address the issue of poverty.<\/p>\n
![\"part3\"](\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/07\/part3.jpg\")
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\u201cIf countries wish to break the poverty cycle …\u00a0they will have to set up ambitious national minimum target investments\u201d for science and technology, the report says.<\/p>\n
![\"part4\"](\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/07\/part4.jpg\")
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By: Edwin Kwakofi\/citifmonline.com\/Ghana<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Less than 1 percent of Ghana’s Gross Domestic Product \u00a0(GDP) is spent on research and development, a study by the World Bank has found. The report stated that Ghana has pumped 0.38% of its GDP into research consistently every year since 2007. [contextly_sidebar id=”OyCBwoIKSjGCFpZQuGKC5ftrU0T95gt2″]The figure, which was the average from 2007 to 2012 was the […]<\/p>\n","protected":false},"author":20,"featured_media":110596,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[4],"class_list":["post-133373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/133373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133373"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/133373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/110596"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}