Dr Audrey Gadzekpo, a lecturer at the University of Ghana, Legon, has suggested the need for a special fund to be created from the dividends of the oil find to improve access to quality education.
"We who are in the educational field need to insist that a special fund be created aside from the GETFund."
Dr Gadzekpo made the proposal at the launch of the 50th anniversary of Achimota School Basic Department, in Accra at the weekend.
She noted that it would be a shame if the country becomes richer with higher GDP with low literacy rate.
"It cannot be business as usual. In short we need a new direction of education. And we need to invest massively in education."
Dr Gadzekpo said quality education would propel the country into middle-income status and not the number of foreign investors the nation was able to attract.
She said the world was still battling with global economic crises, which was affecting efforts by developing nations, such as Ghana to access the needed capital to improve on facilities at educational institutions like Achimota Primary.
"We need to develop young minds that are more analytical and can think critically, can communicate well and lucidly and are quipped with the information they need to contribute in nation building."
The Lecturer noted that the primary school stage needs to trigger in the children curiosity about the world around them, to encourage them to be innovative to question and even challenge the status quo.
She said there was the need to deepen democracy by inculcating democratic ethos in young children, very early at homes and schools.
"It is because each and everyone of the young children of today is a potential president, vice president, parliamentarian, judge, university professor, human rights advocate," who the nation would rely on a few short decades to safeguard the transitional democracy the country was trying to consolidate."
She told the pupils that they are living in challenging times but they should take the advantage of the technological and global linkages to get better education to improve their knowledge beyond the scope of the school.