In Ghana- the failure of a government controlled economy resulted in the acknowledgement that the private sector is the way forward to the country's socio-economic development.In Ghana- the failure of a government controlled economy resulted in the acknowledgment that the private sector is the way forward to the country's socio-economic development.Constraints in the macro-economic environment it has been identified- tend to retard the growth of the private sector. For example- the instability of the cedi- high inflation and high interest rates and their underlying causes are major issues which demand the attention of government- the private sector itself- and the donor community and civil society.Within the private sector itself- there is a low level of managerial and entrepreneurial skills- low level of technology and techno-