The importance of the private sector development in Ghana cannot be over emphasized. The private sector comprises mainly the Micro, Small and Medium Scale Enterprises (MSMEs). These MSMEs have some technological challenges. If these challenges are not resolved, development cannot be sustained in a country such as Ghana.

The private sector needs revitalisation and regeneration with innovative and creative inputs from Science, Technology and Innovation (STI) institutions such as Kumasi Technical University (KsTU). Over the years, the Government of Ghana has supported STI institutions to develop and transfer technology to the private sector.