ABSTRACT
This chapter examines the significance of the private sector in economic growth. It begins with an exploration of the origins and definitions of the private sector and economic growth. Next it traces the history of the private sector in industrial and developing economies, and the highs and lows of the sector through different economic cycles. This is followed by an examination of the perceived notion that the private sector has always been a dominant force in national economies. Subsequently, the chapter presents how a strong private sector could be built in a developing economy with a focus on Ghana and how the sector could contribute to national growth. Finally conclusions are drawn for the attention of developing economy governments and policy makers, as well as the private sector organizations and relevant stakeholders.
