The country achieved a single digit inflation rate of 8.6% and the lowest fiscal deficit to GDP ratio of 4.8% in decades, according to figures from the Minister of Finance.

CNN: Can Ghana's economy prosper against the odds?

This compared with a 3.8% deficit-to-GDP ratio estimated when the budget was presented in October 1999.

BBC: World Bank halts Zimbabwe loans

Hopefully, it would be sufficient to reduce the ratio of the deficit and the debt to the economy.

FORBES: Tough Truths About The Dollar, The Debt and The Economy

This year the United States is projected to run a budget deficit that amounts to 11.9% of GDP in 2010, the highest in the first world, according to the Organization for Economic Cooperation and Development (although the Congressional Budget Office puts the deficit-to-GDP ratio at 8.9%).

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Had he taken them seriously before now, one can imagine the results: a faster economic recovery with lower unemployment, a popular form of health-care reform, a grand bargain with real spending cuts, a smaller deficit and declining debt-to-GDP ratio, and a less polarized Washington.

WSJ: Fred Barnes: Obama and the Back-to-the-Future Campaign

If economic growth does not return, deficit reduction proves too painful or interest rates are much higher than we assume, the debt ratio is likely to spiral upwards until default becomes all but inevitable.

ECONOMIST: Bailing out Greece

The U.S. budget deficit is close to 10% of gross domestic product today, and its debt-to-GDP ratio has spiked by 20 percentage points in under two years.

FORBES: Tidal Wave Of Debt Still Guiding U.S. Monetary Policy