Vice President John Mahama says more than a year after the National Democratic Congress took over power, debts inherited from the previous administration remain one of the biggest challenges the current government is having to grapple with. According to him, the large fiscal deficit estimated at about 15 percent if not dealt with could potentially derail the economy as has happened in recent times to others such as Greece. The Vice President who was addressing the country’s top chief executives at the Most Respected CEO Awards over the weekend says the situation is largely to blame for what the private sector says has been the slow down being experienced in the economy. “In the petroleum sector alone it is almost ¢1.45 billion. Recently the Minister of Finance paid ¢450,000 so there is still GH¢1 billion. In the non-petroleum sector we owe almost between ¢700,000 million and ¢1 billion. And so that deficit must be taken to account and dealt with. “…We still must beware that one most dangerous threat to our economy is the deficit that has still not been dealt with, he stated.” Source: Joy Business/Myjoyonline.com/Ghana