The Council for Scientific and Industrial Research (CSIR) has initiated an endowment fund to raise $20 million within the next five years to support science development in the country.
The decision stems from their desire to ensure there are enough resources to fund scientific research.
Staff members have voluntarily committed to contribute 1% of their monthly salaries towards the initiative.
Speaking on JoyNews' The Pulse on June 19, the Director General of CSIR, Professor Paul Bosu, explained that the researchers were committed to advancing research, hence the need to start raising funds.
“Of course, our salaries are paid, we get goods and services here and there but there is far more we can do than what we are getting now. So we really need that extra push to get us to do a lot of things that we have been established to do,” he said.
The said amount will help advance research and develop technologies to support socio-economic development.
Prof Bosu added that although the government catered for their respective salaries, it did not have the funds to solely support all research activities.

Also, the Chairman of the Fund Planning Committee of the CSIR, Prof Mike Osei-Atweneboana, stressed that although the government had a fund to support research, the money was not coming through.
He added that as an institution mandated to conduct research, the firm had to look elsewhere. He noted that although they have made strides, more work is needed to advance research.
Meanwhile, they appealed to the public and organisations to support the CSIR to effectively carry out its research.
Latest Stories
-
2025 Mid-Year Budget: Trade expert calls for single-digit inflation to strengthen economy
5 minutes -
From Doubt to Dreams: Telecel’s 2Moorch Money Promo changes a nurse’s life
6 minutes -
A strong cedi that Ghana does feel – policy and market behaviour
13 minutes -
GIPC facilitates 2,000 jobs following milestone aftercare intervention
22 minutes -
2025 Mid-Year Budget: Economy is on steady course – Trade Expert
30 minutes -
Stanbic Investment Management Services Ltd announces strong 2024 performance
30 minutes -
Banking is necessary, but banks are not: Ghana’s digital finance disruption story
37 minutes -
Ghana set to sign bilateral debt agreements today under G-20 framework
44 minutes -
Gov’t narrows fiscal deficit target after better-than-expected first half
45 minutes -
Small Ivory Coast cocoa firms say EU deforestation rules might bankrupt them
52 minutes -
Finance Minister Ato Forson projects single-digit inflation for Ghana by December
59 minutes -
Heath Goldfields pays GH₵80m to settle legacy salary arrears left by former leaseholder
59 minutes -
2026 budget to be presented by end of October – Finance Minister Ato Forson
1 hour -
Today’s Front pages : Friday, July 25, 2025
2 hours -
NPP govt was living ‘champagne lifestyle on Akepeteshie budget’ – Finance Minister Ato Forson rebukes
2 hours