being a billionaire himself and thought widely to be out of touch with ordinary people. these are the 2 would be prime ministers of this country. this the 1st major debate this evening of their 5 week summer camp. thank you so much, jonah, how with all the latest on that. thanks. jonah chess is a game of strategy concentration, but certainly not violence. russia, a 7 year old boy competing in a tournament has had his finger broken by a robot he was playing against. it appears the robot didn't like the child's swift play. as the boy made his move or about, grabbed his finger, bystanders actually had to rush into free him from the robot's vicious grip. the vice president of the russian chess federation said the boy, broken the rules by not waiting for the machine to complete its move. it's led to debate about the safety of human robot interactions

ah winder of our main stories. now, pope frances is apologize. 40 described as deplorable evil inflicted on canada indigenous people which solemn, forcibly assimilated into christian society through a policy of residential schooling. more than a 150000 indigenous children were separated from their families and sent to the schools between 18811996. many faced physical, mental, and sexual abuse. speaking of the site of 2 former schools in alberta province, that of the roman catholic church, apologize for the church as role in the schooling system. elizabeth, it is painful to think how the firm, soul, of values, language and culture the made up your friend to the density of your people voted and that you have continued to pay the price for this. in the face of this deplorable evil,

the church near before god and implored his given us for the sins of her children, him i myself wish to be a firmness we shaman, unambiguously i humbly beg forgiveness for the evil committed by so many christians against the indigenous peoples at any rate of costing that balance in a referendum on a new constitution, which i don't say would return the country is a one man rule. president chi side says is changes and necessary to rain and corrupt political elite vote comes exactly year off. the recent government and suspended parliament, those opposed to the changes that they would boycott the vote and turn out has been low around 21 percent me and was military ginger is executed for pro democracy activists who was sentenced to death in close door trials earlier. this year, for the 1st time capital punishment has been its 1st on capital punishment is actually been used there. for decades, the u. s. has condemned the killings and says that camino business is usually me and mom the when special offer to call it a depraved act. and ukraine says it's aiming to exports its 1st shipment of grain

this week under a un broken deal with russia. the agreement was thrown into douches the day after it was signed. when russia 5 missiles, a portion of a desa, as many as 20000000 tons of grain are unable to leave ukrainian ports because the russian naval forces control most of the black sea. the stream is next going to focus on a crisis in gone are all have lonia you wrong. i'll soon about 30 minutes. ah ah,

i as i may. okay. and you're in the stream gone as economy has been crippled by the impact of because a panoramic rom put inflation, the war in ukraine pass at depreciating currency. now analysts the warning that the country is close to a crisis. i've listened to sammy jem thing, his organization that protests in the capital across last month. for the 1st by the issue of this for, for public. the riddle information is moving around with the dog is all pretty good and obviously tell you about the persistence of shuttle nicole hives and apply. this is a special visit. what would you say the ordinary junior is struggling to afford? that is, when you said the money to spend new city because we are suffering so

gone as economic crisis is what we're looking at today. we have a panel of experts, i say hello to yvonne, i'm mensa, i'm feo good to have all of you on board. yvonne, please introduce yourself to our audience around the world. hello, yvonne kellyville, who you are, what you did, go ahead. i'm, i'm you, i'm hm. go africa economist, explanations capital get to have you went so welcome to the stream. tell everybody who you are and what you do. let's thank you very much to my members myself, thompson. i leads with white brands, anti corruption. so can i visions? i'm gonna, and i'm also a member for our rights, gartner, which if amalgamation of a number of interest groups that have come together to express middle concern about gunner terrific situation. all right, very good. i find a thi, i welcome to the strain. please introduce yourself to i international audience

with. all right, so we don't hear theo very carefully, but very, very well. but i will tell you that theo is an economist and political risk analyst, which i connect him back in just a moment. i want to take you to the market in a crop about a month ago. that's when out a 0 was out in gonna reporting just to get some groceries economy. and i cannot make feedback from some people who know when my food discount has gone up. and when it's gone down, as heavily i resolved the reason. it's serial serial. crying out loud, they got me something on a she said, i want to go to mensa, you surprised to hear those opinions by ladies in the market?

like we can't afford these prices? how would you explain to i'm to national audience? what's going on? absolutely not. so i'm not surprised the, the one in science has been there for the past 2. yes. it only became aggravated this past few weeks when. now the people are beginning to realize that, hey, we are, you know, scary and people are beginning to actually increase the reality, which a lot of experts and analysts and economic watches have been. i've been sounding for quite some time now. and we're here due to a number of issues which are from our estimation have very little to do with the global economic climate. i, the russia ukrainian war,

which you did the true. yeah. as far as 2020 and one in the good. so if you say that gone has issues and not connected to a couple of things that is impacting not just on all the african neighbors, but also the whole world. so you create a crisis right now. food has gone up, i'm feel is going up around the whole, what gone as a mean to that? that's not a problem for gone either. it is, it is a very large extent, right? but there are other neighboring countries who i've also been hit by the same global crisis, but not i did. i did exchange for degree, which is going to be in effect and gonna, you know, our performance on, in the sub region when it comes to economic issue, feel more like a buffer for the region. and so a lot of countries look up to us and we, we, of the fam believe that if there was proven economic management in the past who

yeah, the level of impact these global jew economic climate or economy. what are the, let's see here, that witness and said yes. so so, so, so man's house, hold tight when my mom, i just want to bring back in. theo, here i'm so through fear what makes i saying that it's not these outside circumstances like covert and ukraine. and the russia conflict, it's not that that scholars essential problem. it's bad management, bad government. they are absolutely because they are actually 2 factors here. thirsty external shocks which are so me, i was actually a discussed or reference. but internally, they also domestic factors that need to be taken into account year. so even before russia quinn and also our weight covered or the government had literally been on a dead bench with a lot of burrowing,

which was adding onto the public dead. and the one insane somewhat were there so in to an extent is actually a mixture of to tears. what is happening? all right, so once again i tell it is not just the economy in ghana because i challenge is actually keying feo. the are some of the thoughts that we are getting from our online community hill, watching right now on youtube, and i'm gonna share this with men. so as well. it's a mentor on youtube, our audience or wondering will isn't this just corruption in garner and i have to say it as a nigerian. i looked to next door, neighbor garner. and i also think that it's like the standard you set the standard . hi. how can you be in trouble in god? is it crush? x treatment me and i think that the kind of corruption we're witnessing now to a very large extent is pretty much unprecedented. and

for the past few days, we've seen a little global, internal repulse beach and out by other development groups who i reason the concern about the muscle corruption. and the problem with the corruption in gun at this moment is the briefing for corruption. and also the response from the government point of view. and we believe that it drives a little confidence away from the system because the capital markets and the global i international players who are looking at gunner who are looking at how to resolve it's economic difficulties. ow cd's, reason of corruption that are being treated every now and then and be seen very little action being taken. and so now people are become quite nervous about even lend it to gamma because the low that's a huge chunk of these minus are going to be exec peter to corruption. and the lack of political will. and the sheer encouragement of corruption at

a couple of governments and you depress it. this is what is our major consent for the past will be the principal outcome, and that i mitchell could kilograms over his confidence. and his approach to the fight against corruption who, which analysts have described him in a 2nd mamo names, which i don't want to repeat, right? i am just bringing it onto, you don't have to repeat yourself if, and i'm just looking here at some of the thoughts i've been getting in from twitter . so inflation is counted 29 percent, roughly a fuel food and transportation are at an all time high. but in 2019, i know that you were talking to you. i am if he were visiting donna at that time, and it was a very rosy picture. can i ask what went wrong or, or is that the right question? what is the white line of thought head on from your perspective? i think a big reason gonna finds itself in this position today is the

a crisis that have befallen the country since 2020. so covered 1st of all. and now the ukranian invasion, as you rightly mentioned, and i was in a crocket early 2020, at the time the country all the current administration had managed to bring down their budget deficit in to the low single digit as a share of g d p. i remember early that she had the good and see the was one of the best performing currencies in the world. and the i, m. f had nothing but positive things to say about the country. and of course, a month later, we had the pandemic hit. so i do believe that a lot of what the experiencing today is due to external, a events that have led to the fiscal, a situation deteriorating so dramatically. all right, said mr. kasey, here on the, on twitter says this ever on. if he comes to mind back to the 19th and early 2, thousands, one could see a patent 3 kit, things stand out for gone as count, economic was knack of leadership, wrong social intervention,

and corruption. do you agree with any of those 3 points? corruption is not endemic to god. i want to say, but i think one of the, um, uh, characteristics of gone out that's been disappointing. but dicky, for the vessels that we do speak to is the fact that these fiscal crisis seems to be occurring. typically though they do occur in the run up to an election, and as we know, a good gonna has a 4 year cycle. so on the current administration came into office in 2016. they had to clean up the fiscal situation and bring donna a deficit of dramatically our i, as i mentioned earlier, the current cra fiscal situation. the current declines itself in which is resulting in these austere measures on the ground is due to external factors combined compounding the current vulnerabilities in the economy. but i do take a posted on twitter comments club quite well. yeah, that is correct. all right,

so let's bring in a gone as minister of finance. gonna early on this year was adamant that they were not going to call in the international monetary fund. they were not, they could deal with their problems themselves. he's a little crypt so you can hear how passionate the minister finance was about not contacting the i. m f. we are not going to that i am. whatever we do, we are not. the consequences are proud nation. we have the resources, we have the capacity. don't let anybody tell you dio, what happened? i am not going to the i m f and then july, the 1st the i m f team in across trying to work out how to help gonna again i think it was a difficult one for a defendant restriction, a lot of it because of their rhetoric before going to the i m f. and even before

they came to pile was that they had busted, i see that they're not restriction for making a similar move on the basis of what one can i do. you also extend much of the slow down in china and related matters. but some of us actually did indicate that the direction in which the economy was coming and the waste management in money, including things to do with corruption, which would manifest in terms of public contract, was ultimately to lead us to a ditch and a place where you have no other option to see the item and i kind of like to slightly disagree with you one on the on the causes. so if you clean the packet and call it in there. but if you have to look at the trajectory and the numbers, including the assessment that have been done by others, like the world bank, et cetera, we already and the rest of high district for the country fix them. but also

the one that knows, and this was even before russia, ukraine, and before that makes sense is actually to call this the external factors which we've described, but important pretty it been compounded by the weak governance across the board, fiscal invisibly of the, of the government that's what, so let me tell you on the, on youtube, this is how christine lemon describes how you describe quite. i'm just gonna say politely, christy says at cooper, i do is a failure on a bad leader that he's coming from. i gross groceries. comments on youtube, guess i'm going to get you to engage with some of the common tree that we're doing, but very quickly so we can get in as much as possible. so this one is for you, man. so why i m s on that? any of the options, mensa quick response is 30 seconds while there are a number of options, but we believe that this now would be

a short term remedy to put it back on some fiscal recovery of the economy back. that huge chunk of the long term recovery, which cannot be given by the i m f, fight corruption for us. the i m as cannot help us to be food sufficient, their system decision that it would have to be picked up under governance level leadership level. and it takes a lot of political way to do that. all right, even i'm going to put this one t, this one for tiffany. tiffany, thank you for watching. appreciate you. at this point is going to has no choice. the board is either i am the bailout or society breakdown and severe famine is up to extreme from tiffany thoughts. yvonne wo, given be indebted us. we are seeing globally at many fear that if gone, did not engage the i don't go the salon root. so i do think it's a positive that they be engaged, the i met it does, aside from,

by that endorsement that, that does to other finances. it does. if they the program that follows that discussions, it does open up re open access to external financing, which is what god needs at this point in time. all right, so one more from william, this is on you chief, i'm going to put this one to you t o, very fast response, please. a, we're going to move from a consumer to a producing society. that's too much dependent on exporting goods, coupled with corruption. that's not a good combination, t o quit response. yeah, absolutely. because i mean in terms of fixing the problem, the structural issues really have to do what you go and eat and what you. and you're not an extent we need to the productive bits of the economy, particularly agriculture and value. i did my factory and, and that's a lot of projects that needs to be collectively work on my or the political party. okay, meant so what did you just write down?

i can see you out of the corner of my i hope it was interesting. dish. tell us. yes, the, i think not to tell you what the good few said with the fear and that would be strong result in their pass by going to finance minister that we're not going to go to the i m f. i mean a about the bad financial reports that had been seen and that this current financial industry who has been cooking is formation figure who has been mr. park. i'm going to come in detail to the international market and other people just to create impression. i see we're doing well when actually our economy was sink and that's why it was too late for a lot of last little people to see it. and also for a little bit of ration coming in late because of the fear that some of these be tough to have a place that could be found out by the international p s. i'm just looking, i'm going to show some of our audience after, with some of the protest video that we recorded went out. it was reporting in

across few weeks ago. what does this mean if, when you see people out on the streets protesting against the government's fiscal policies, what does that tell you that the current policies are not working. i must also though add that we are seeing several approaches throughout the frontier markets and emerging markets. this is not just specific to gonna part of this, of course is reflection of the, a dramatic increase we've seen of commodity prices in particular fuel food and fertilizers, which i don't think is specific to gonna in itself. but all of that said, the responsibility of government is to try and mitigate the impact of those price increases through various policies. and the thing is, so what we face in a lot of african countries is the buffers are not, they are in terms of the,

the fiscal space that's available in order to put in the mitigating measures is limited in the case of i'm gonna, and i guess that's part of the reason the approach the i'm at i'm going to, yes, yes, i think i had yes, i totally disagree. i think we are down here. we know exactly what been going on for the last couple of years and that's for the stage. yes, we know the global light needs and all of those. we know that these protests and these hot shapes are not limited to one began them. but you do need to start. ghana has been to write an example some, some few years ago. one of the fact that from an economy would be pretty much better. and so the question should be asset. how did we decline? i don't think obviously it does come down to that would be international shocks, which you'll still much well operate that. i think that the be the management level of the kind of governance that, that people are going to have been sent with in the last 4 years has been very bad . i've been very busy and effort. tim pointed out to this particular outcome with

or without, without russia korean war with 19 gun, i would still be talking to the next 2 days because of the bad management option and, and the current attitude of leadership that will be separate if one is that something you could see in the future because a 2020 you were looking at a, a better future for donna, this is a because i'm going to move on to what do we, what do we do next? okay, go ahead. if on because then my question a sam was to ask it in the 1st term of this administration from 2016 to 2019. did we not see the budget deficit to being narrowed us substantially in the case of uh, gonna, it's a so the impression is that a gun at this point in time based on what has happened on the managers in 2020

yes. bigger than the telephone as me sounds presented. you remember just a few. yes. equal die m. if had capital, tell us that our deficit figures were not reached because some to huge confident of the by that had been treated. i've been on the line with you as a broker is make assignments, any one on which i'm going to pause you just just for a moment because i want to bring in another thought here and also some ideas. but i'm just going to tell our audience that this i am at bell out if it happens, will be the 18th in gone as history. so gonna repeatedly is asking for help financial help from outside. this is not unusual for countries, but for governor. this is 18th time with the i m f. in particular. let us move forward a little bit fear. i know that you have some ideas and some solutions. i'm going to go via david your morley, who has some ideas about how gone i get out of this current situation. he's a skeptical about the i m f. have

a listen to david and then share some of your own ideas to the oh this is fear his david festival. there's a sense now. i bet. did you, did you issue is about 97 percent. so dian with kind of of your solution. the also a big on board, wallace, is that we need to retrench metal workers. the also dean brussel, i do economy so that i am a kind of i be a solution. the solution i have you with us less, are brock deluca, just in are packed in written mechanisms less, reduce the amount of money we give to foreign companies in any more, incentives, less reduce karachi, less reduce the size of government where what we'll do all these, nothing we don't move on forward so just a quick thing to do is point that to get a break, it's actually around 78 percent and not 97 percent about i do agree with a lot of the points is made. but i think fundamentally, the starting point is we're going to actually agree

a debt restructuring program program, you know, with its creditors. and this could be done that you 20 for with, you know, and it will give the country much, much need to be 2nd to be the point to which is that this is a little weak. this a lot of, you know, we're still within how we run the government machinery and where you could actually argue that the people that we upon the size of government that manage this and it needs to be kind of down within that. also, you need to actually implement the structural reforms that we agreed to actually kind of last program that i know too many of the program areas. like we said, we were coming to include in reform in the payroll system, getting rid of like, and that was not done. and you know, if you don't do that you will come back to the same issues. tell me,

i think the issue really has to do with growing the economy and important point related to that by which also you one. and so maybe it's not part of the inflation issues with actually is to do with the central bank deficit financing on the budget where the literally printing a little bit more money and engage in external machine which is piping or driving the leaking. so it's not just really due to russia, ukraine, the effect of that is that much, much more deeper issues that i'm the pain where we are now country. because if you look around for some reason, even united way, you don't see similar issues. and i regret, i let me go to thank you so much every but i'm going to share the final moments of asha with our youtube audience because you have so much to say are many of you. so

a, a mos government must reduce corruption. the unnecessary government spending is too much. let's stop all of this and see our nation develop economic forum. even if the expected i am if program comes with a much needed balance of payments support god, i will still have to restructure its expenditure through fiscal contingency measures. they watch wisdom and the chief comments. i hope the government of ghana is watching lisha. thank you so much for being part of the program. theo mensa, anna von and all of our view is on youtube. appreciate it. i'll see you next time. ah ah.

what's most important to me is talking to people understanding what they're going through here. it al jazeera, we believe everyone has a story worth hearing. hm . ah.

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