Global restructuring of economies has had a major impact on higher education systems of the world, including Ghana. The liberalization of Ghana''s universities has increasingly manifested itself in the growth of private universities. The growth of private universities in Ghana has been phenominal, providing increased access and opportunities for university education in a manner that has not happened before. The private universities in Ghana are taking advantage of the new opportunities presented by global knowledge economy and the Information Communication Technology (ICT). The private universities in Ghana are more business-oriented, better at linking their courses, teaching and research to the needs of business and market industry and is more cost-effective than most of the public universities.