<p>The South Korean Knowledge Sharing Program (KSP) for Ghana aims at promoting Ghana’s sustainable economic growth by assisting the Ghanaian government to build systematic policies and appropriate administrative bases necessary for the development of SMEs in Ghana. In spite of recent robust economic growth there has been displeasure at Ghana’s historical economic stagnation. Five decades ago, Ghana was more economically developed than countries such as Korea, Mauritius, Malaysia, Kenya or Botswana. It is in the light of such historical underperformance and comparisons that Ghana has now stepped up its pursuits to joining the ranks of a middle income economy by 2015. Ghana’s strategic economic focus has therefore shifted from macroeconomic stability to private sector development as the engine for attaining sustained economic growth. SMEs are at the core of private sector vitality and hence it is necessary to reinvigorate them to act as the backbone to Ghana’s economy.</p>