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tv   The Stream  Al Jazeera  July 26, 2022 7:30am-8:01am AST

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can opponents, a towering figure in northern ireland and british politics, he became the architect of the good friday agreement. it helped in 3 decades of sectarian and political violence, known as the troubles were the gorilla group, the i r. a was fighting british forces and pro british paramilitary groups. not just to bring about the terrorist, but also to and what has an effect been a cold war between the 2 parts of ireland over the course of the last 75 years. until lesser extent, a cold war between the republic and the united came to the good friday agreement broke by the u. s. during bill clinton's presidency marked a turning point and in 1998 as auster unionist party leader tremble, won the nobel peace prize share with his catholic adversary, john hughes. that same year, he was elected as the 1st minister of northern ireland in
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a new power sharing parliament, but animosity and criticism followed. many in northern ireland grew tired of tremble and his colleagues. he was eventually eclipse when the hardline reverend em . paisley went on to share power with chin fain the political wing of the r a. despite a combative personality, trimball earned their respective many for reaching beyond religious and political lines. david trimble was 77 years old. ah, this is al jazeera, these are the top stories that are celebrations and to nicea by supporters of the president of the country votes on a new constitution that paul suggests the changes will be upheld, but the turn out has been low. critics of hey say that said a new constitution or made the country a dictatorship. again. pope frances as apologize to canada's indigenous people for
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what he describes as the evil inflicted and residential schools run by the catholic church. more than a 150000 children were forced to live in them, many suffered physical, mental, and sexual abuse. calhoun had clearly close. it, pains me to think that catholics contributed to policies of assimilation and enfranchisement. that inculcated a sense of inferiority, robbing communities and individuals of their cultural and spiritual identity, severing their routes and fostering and prejudicial and discriminatory attitudes. and this was also done in the name of an educational system. there were supposedly christian schools of reopened and sher lanka, as the country struggles to overcome a fuel crisis. pupils are allowed to attend classes 3 days a week. that economic crisis means fuels been rationed and large. part social anchor. ukraine says that in the next few days is going to export its 1st shipment
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of grain since the russian invasion, given moscow strike a deal last week to allow the shipments. but a russian missile attack of the port of odessa has thrown that into doubt. rational and energy giant gas from slashing gas deliveries to europe through the nord stream, one pipeline from white and say, the company says it's shutting down a turbine to carry out maintenance. jamie says there's no technical problem. those are the headlines. the news continues on al jazeera, after the stream scene about 25 minutes, go by talk to al jazeera, we ask you be more specific. how many troops are you asking for? and what kind of military equipment we listen, asked the people of cuba in the street. if there is a difference between donald trump and joe bite for them, it, we meet with global news makers. i'm talk about the store restock matter. on al jazeera, i i,
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as i me okay and your in the stream gone as economy has been crippled by the impact of because a panoramic ramp 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 time in the history of this war for public, the writ of information is moving around with southern with dog is on pretty good. and does she tell you about the persistence and shuttle nickel hides and apply? this is a special visit comedies. so today the ordinary junior is struggling to afford this when you said the money to spend new city because we are so for your panel to talk to you about gone has economic hardships. yvonne
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mensa, vio, thank you so much for being on the stream. if i'm please introduce yourself to f u . s. my names, you bongo, i'm be asked the economist, acronym capital, get to happy mensa lisa. hello to have you as around the wells. yes. hello. my name is mr. thompson. i am executive director of an antique options. i think it got called a ship. i'm gonna i'm also a human like to risk lead member oscar pressure group are looking forward to hearing more from you and feel welcome to the stream. please say hello to have you as around the globe. yes. hi everyone. my name is cynthia jones, i'm an economist and political risk on my list career. so we're confused on the continent, including donna and high stakes. so if you are watching right now and you want to comment on youtube, you go ahead. the comment section is right here. be my guest, ah,
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i want to take you to the market in the car about a month ago. that's when our sierra was out in gonna reporting just to get some groceries economy and the economic feedback from some people who know when that might have food. just kind of gone up and when it's gone down, as heavily i resolved the reason it's serial serial. crying all throughout, they got me something on a she said i meant are 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?
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absolutely not, i'm not. so i'm not surprised the, the warning size 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 t and people are beginning to actually a brace. the reality which a lot of experts and analysts and economic watch has 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 primates. i the russian ukranian war which you are the the true. yeah. as far back as 2020 and i was another one. and because so many others, if you say that god has issues and not connected to a couple of things that is impacting not just on other african neighbors,
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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 are gone as a mean to that. that's not a problem for gone either. it is, it is a very large extent, right back. there are other neighboring countries who i've also been hit on by the same global crisis, but not i did. i did exchange for degree, which gonna be in effect and gonna, you know, oper 4 miles on in the sub region when it comes to economic issue. feel more like the buffer for the region and still a lot of countries look up to us. and we, we out of the fam believe that, ah, if there was prudent economic management in the past. who yeah. level of impact this global jew economic climate. but i've had a economy what i've been left to p. w. witness, and i said,
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you're still saying the same as how to hold a tight one to norma. i just want to bring back in the oh here i'm cynthia. what makes a saying that it's not these outside circumstances like cove aid and ukraine and the russia combs like it's not, not that's gone as essential problem. it's bad management, bad government thea. them absolutely. because there are actually 2 factors here, thirsty external shocks which are so me am, is actually a discussed or a reference, but internally dosa domestic fucked externally to be taken into account year. so even before russia quinn and oh, so i would 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 is saying somewhat were there. so in to an extent is actually a mixture of 2 teams. what is happening? i thought so once again i, i tally is not just the economy in ghana,
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but with our challenges actually hearing fia, the are some of the thoughts that we are getting from our online community hill watching right now on youtube. i'm gonna share this with mensa as well. it's a mentor and on youtube are only, it's a wondering will, isn't this just corruption in garner and i have to say it as a nigerian. i look 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 crushed extremely and i think that the kind of corruption we're witnessing now to a very large extent is pretty much unprecedented. and i, for the past few days, we've seen a little global, internal repulse beach and out by other development groups who are reason the concerned about the muscle corruption. and the problem with the corruption in ghana at this moment is the debriefing factor corruption. and also the response from the
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government point of view. and we believe that it drives a little confidence away from the system because the capital markets and the global or international play. yes, we're looking at gardner, we're looking at how to pub gonna resolve its economic difficulties. ow cd's, reason of corruption that are the pictures that every now and then and be seen very little action being taken. and so now people are become quite neville's about even lend it to gun because the loop 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. couple of governments are you depressed? this is what is our major consent for the past really being the principal outcome and that i mitchell curriculums over his confidence and his approach to the fight against corruption who which analysts have described him in a certain memo names,
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which i don't want to repeat, right? i am just bringing is on to you don't have to repeat yourself everyone. i'm just looking here at some of the thoughts i've been getting in from twitter. so inflation is county at 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 headline from your perspective? i think a big reason gonna finds itself in this position today is the a crisis that have been holding the country since 2020, so covered 1st of all. and now the ukranian invasion, as you rightly mentioned, i was in a crowd early 2020. at the time the country all the current administration had managed to bring down the budget deficit in to the low single digit as
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a share of g d p. i remember early that you are the good and see the was one of the best performing currencies in the world. and the i met 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 and events that have led to the fiscal situation deteriorating so dramatically. all right, said mr. kasey here on the on twitter says miss evans, if you cross your mind back to the 19th and early t, 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 characteristics of gone out that's been disappointing, but to keep all the investors that we do speak to is the fact that these fiscal
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crisis seem 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 and the current administration came into office in 2016, they had to clean up the fiscal situation and bring donna deficit of dramatically our i, as i mentioned earlier, the current fiscal situation. the current declines itself in which is resulting in these are still measures on the ground is due to external factors combined compounding the, the current vulnerabilities in the economy. but i do take the posted on twitter comments quite well. yeah, the is correct. all right, so let's bring in a gun as minister of finance gonna earlier 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 cripple. you can hear how passionate the minister finance was about not
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contacting the i. m f. we are not going to that i am with whatever we do. we are not the consequences or 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 restriction. and i did it because the rhetoric before went to the i m f. and even before they came to pile was that they had buster 90 dental ministration for making a similar move on the basis of one. can. you also extend much of the slow down in china and related matters. but some of us actually did indicate that the
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direction in which the economy was coming and the waste management in money, including things to do with corruption, which when manifest public contract was ultimately to lead us to ad dish and the place where you have no other option to see the item and i kind of like to slightly disagree with you one on the underwood causes. so if we say you clean the past and they're part, 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 rate of high district for the country fixing it, but also the one that knows and this will mean before russia ukraine, and before that makes sense is actually to call this the external factors which we've described. yeah, but important pretty it been compounded by the weak government across the board,
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fiscal invisibly of the, of the government. that's what we do on the, on youtube. this is how christine 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 micro scruffy. it's comments on youtube. guess i'm going to get you to engage with some of the comment tree that we're hearing, but very quickly so we can get in as much as possible. so this one is for you, man. so why i m f that any of the options men, so quick, responsive, 30 seconds. well, there are a number of options, but we believe that i'm, if i'm, if would be a shutdown remedy. who quoted us back on some fiscal recovery of the economy by a huge chunk of the long term recovery, which cannot be given by the i m f card option for us. the i am
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a cannot help us to be food sufficient. there are certain decisions that would have to be taken my be under governor level and leadership level, and it takes a little fun to tell what to do better. all right, ava, i'm going to put this one tennis one from tiffany. tiffany, thank you for watching. appreciate you. at this point, jelena has no choice even if i that i am at bailout, or society breakdown and city of famine is out to extreme from tiffany thoughts. yvonne, i'm well given be indebted us, we are seeing globally many fear that if gone out did not engage the i mess don't go the siri lanka route. so i do think it's a positive that they have engaged the i met and it does aside from why that endorsement, that damage does to other finance is it does. if there is a program that follows that discussions, it does open up a re open access to external financing, which is what god needs at this point in time. all right, so one more from william,
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this is on you cheve. i'm gonna put this one to you t o, very fast response, please. a weekend 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. i mean, in terms of fixing the problem, this truck on issues, we have to do it once you go and eat and what you grow. and to another extent, we need to a productive base of the economy, particularly agriculture and value and in manufacturing. and i mean, that's a long term project that needs to be connected to work on my own to political parties. okay, man, 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 . that i think not to tie in what could few said with the fears and that would be strong results in the past by dennis finance minister that we're not going to go to
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that. i'm there for patrick doug. really aged about the bad financial reports that have been seen and that this current financial minister who has been cooking his financial figures, who has been mis reports, i'm going to say coming detached through the international market and other people just to create impressions. i see we're doing well when actually our company was sinking. that's why there was too late for our middle class for people to see it. and also for a lot of integrations coming in late because of the fear that some of these, the talk which they have might have picked up could be found out by the international. please. i'm just looking, i'm going to show some of our audience after you as some of the protest video that we recorded went out there was reporting in across few weeks ago. what does this mean if on when you see people out on the streets, protesting against that government's fiscal policies? what does that tell you that the current policies are not working?
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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 the law of african countries is the buffers are not, they are in terms of 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 that the approach the i'm at i'm going to but yes, yes, i think i had yes, i totally disagree. i think we are down here. we know exactly what i've been going
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on for the last couple of years to have a test for this stage. yes, we know the global flight needs and all those. we know that these protests and these hot shapes are not limited to one began them. but you do know they just are gonna have been to write an example some some few years ago when one of the fact that women 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 with international shocks which you're still not available to. 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 preening, war, would that corporate 19 gonna still be talking to our next 2 days because of the bad management option and, and the current marketing of leadership that will be separate if one is that
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something that you could see in the future because a 2020 you were looking at a, a better future for donna does it because i'm going to move on to see what do we, what do we do next? okay, go ahead, yvonne. okay, so my question for sam was to ask it in the 1st term of this administration from 2016 to 29 team. did we not see the budget deficit being narrowed us substantially? in the case of, of gone i, it's a so my impression is that just gone at the time based on what has happened on the managers in 20? 20 yes. big on the telephone as nice as presented. you remember? just a few. yes. a good i am if had come to tell us that our deficit figures were not a creature because some to huge continental cli by that have been treated. i've been on the line with you as a broker is make assignments,
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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 f bell out if it happens, will be the 18th in garners history. so gonna repeatedly is asking for help financial help from our side. this is not unusual for countries, but for donna, 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 for you his david festival. there's a sense now. i bet. did you, did you is you is about 97 percent. so dian with kind of abuse. lucy, be also
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a big onboard wellness, is that we need to address middle workers. there was a diesel, i do economy so that i am a kind of i be a solution. the solution i deal with us less are brock deluca use in, are packed in written mechanisms less reduce the amount of money we give to foreign companies in the new incentives. less reduce karachi, less reduce the size of government. where what we'll do all these nothing. we don't move are hungry for it. so it's points that to get a variation. it's actually around 78 percent and not 97 percent about. i do agree with all of the points is made, but i think fundamentally, the starting point is we're going to actually agree at that restructuring program program, you know, with its creditors. and this could be done that you 20 for with, you know, and you know, the country much, much needed be secondly,
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the point to which is that this is a little with this, a lot of, you know, wasted within how we run the government machinery where you could actually argue that the people that we apply the same, the government 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 last program. the final to many of the program areas, which we said were coming to include in reform in the payroll system, getting rid of pay goes like et cetera, 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 have to do with growing the economy and important point related to that by which also somebody probably the inflation issues with actually is to do with the central deficit financing on the budget where the
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literally printing a little bit more money and engage in extend, i'm a question which is vital are driving then reaching 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're no contract because if you look around for some reason giving 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 our show with our youtube audience because you have so much to say a many of you. so are amos 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 gonna will still have to restructure its
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expenditure through fiscal contingency measures. so much wisdom in the u. g of congress. i hope the government of ghana is watching this show. 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, the latest news as it breaks this decision basically said that the robi way decision was simply wrong. it is highly unusual for supreme court to overrule precedent with detail coverage. the problem a significantly reduce the trouble and what is expected to initiate in april moment . boom from around the world. this one here depicts the late poets was offered and
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know up who was revolutionary poems in his play the many on counting the cost once the economic impact of europe's extreme weather conditions and the developing nations, getting the funds needed to make the transition to renewables. plus aircraft have returned to the skies, but is the demand for the new plane on the rise. counting the cost on al jazeera, a diverse range of stories from across the globe. from the perspective of networks, journalists on al jazeera, new voice, if heating up the airway. lot of chinese listeners with, kimberly here, but i really think in their own country shifting power of a case, the rise of citizen journalism has changed everything. how do you happen? it happened on social media and the undeniable impact of the mainstream narrative australians went to the pole with those images front of mine is a war very much came forth out in the media as well as on the battlefield there
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listening post. dissect the media on al jazeera, the heart wrenching good buys loved ones, not knowing when they will unite again, women and children heading wis to relative safety, often leaving when behind among them. foreigners also trying to get out train rise of a free, but it's on a 1st come, 1st serve basis here at the bus station. there's only a few rides available and that's only to the surrounding villages. so people like for me in rows now need to find another way to get out of the city i saw now they like many others would have to return home hoping tomorrow is a better day. ah .

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