The paper finds that there is an intimate relationship between the monetary / fiscal policy mix and the dynamics of both private sector and public sector debt accumulation. (bankofcanada.ca)
However, in 2013, under President Mahamas first year administ ration, the total public sector debt stock as at the end of September 2013 was GHc46.1 billion (53.5 %) of GDP up from GHc35.1 billion at the end of December 2012, Between December, 2012 and September, 2013, former President Mahama's administration added about GHc11 billion to the total debt stock, as against the GHcl6.8 billion the Nana Akufo. (ghanapoliticsonline.com)
The reduction in public sector debt has been larger in Australia than in the United States (and elsewhere) and the short - term outlook is for this to continue. (rba.gov.au)