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Building the foundation for the development of SMEs in Ghana

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Frame of Image , President, Korea Development Institute Cheon-Sik Yang, Senior Advisor, Kim & Chang Kun Kyong Lee, Chairman & CEO, MAIA Asset Management CO., Ltd. Taeho Bark, Dean, Graduate School of International Studies, Seoul National University Kyung Soon Song, Visiting Professor, GSIS, SNU & Representative Director, KECG Sang-Woo Nam, Professor, KDI School of Public Policy and Management Seung-Hun Chun, President, Korea Institute for Development Strategy (KDS) Chapter 1: Seung-Hun Chun, President, Korea Institute for Development Strategy (KDS) Chapter 2: Jae Hoon Lee, Research Fellow, Market Economy Research Institute (MERI) Dawarnova Baeka, Director, National Board for Small Scale Industries (NBSSI), Ghana Chapter 3: Chi Seung Song, Research Fellow, Korea Small Business Institute (KOSBI) Jae Pil Park, Professor, Kunsan National University Alhassan Iddrisu, Director, Ministry of Finance and Economic Planning, Ghana Chapter 4: Ki Won Kang, Professor, Seowon Univiersity Ministry of Trade, Industry, PSD and PSI Institute of Economic Affairs (IEA) Office for Development Cooperation (ODECO), KDI Won Hyuk Lim, Director Tai Hee Lee, Senior Specialist Ji Hwan Kim, Specialist Minah Kang, Research Associate
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Government Publications Registration Number 11-1051000-000013-01 ISBN 978-89-8063-348-7 93320 Copyright ⓒ 2008 by Ministry of Strategy and Finance, Republic of Korea
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Full Text
Title Building the foundation for the development of SMEs in Ghana
Similar Titles
Project Category Consulting Programs
Material Type Reports
Author(English)

Chun, Seung-Hun; Lee, Jae Hoon; Song, Chi Seung; Park, Jae Pil; Kang, Ki Won

Publisher

[Seoul]:Korea Development Institute

Date 2008
Project Consulting Programs
Series Title; No Knowledge Sharing Program
ISBN 978-89-8063-348-7
Pages 195
Subject Country Ghana(Africa)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Entrepreneurship
Holding Korea Development Institute
Recipient Country Ghana(Africa)
Donor Country South Korea(Asia and Pacific)
Supervisor Korea Development Institute
Organizer Korea Development Institute
Sponsor Ministry of Strategy and Finance

Abstract

The 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. (The rest omitted)