This study investigated the expansion of the tertiary education sub-sector and how it could be made developmentally oriented to foster economic growth. The author gathered relevant data by means of personal observation, archival studies and interviews with government officials, academic staff, private industry management, students, as well as, school administrators at private institutions. The study revealed that science and technology education is limited by the lack of resources which prevents most students wishing to pursue these courses from doing so. Ayisi asserts that this impedes economic development in Ghana. Lack of efficient resources such as computers and science equipment impede the production of essential technical, scientific and managerial manpower to lead the economy. The outcome of this study encourages full participation and integration of colleges, universities and professional schools in local, state/regional, and national economic planning.