tv Documentary RT July 13, 2013 11:29pm-12:01am EDT
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question was settled today except it really wasn't up to see what tricks the j.p. morgan uses to game the new rules i think london where squared is just like those as you see the doctor paul is going to doctor the media complex while chris will see me break down the film by psycho and phil black a broken down and far targets turns out controls the pivotal issue finally the apple ruling marks a turning point and having to watch out because this brother is watching and more ways than one thanks for tuning and from everyone our prime interests i'm harry and boring have a great. little
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proof of this where the dozens of cranes dotting the horizon satisfying the demand for new modern offices for both local companies and banks and multinationals. expensive cars roaming the streets. shiny moles filling the consumer dreams of the capital's affluent people. ghana's economy is thriving. the country is among the world's fastest growing economies and is africa's number one and growth rates. for the i.m.f. ghana is
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a success story. successful. is really to advise a micro police she's so we we do not we do not construct bridges and develop infrastructure but in term of my quest ability clearly over the last. few years have done quite well in terms of generating an environment of macroeconomic stability which is necessary to have investment and growth and job creation. current economic success could not have been accomplished without the newly received loans the last loan agreement between ghana and the i.m.f. was in two thousand and nine for the sum of six hundred two million dollars that time the country experienced some fiscal slippage is and depletion of its international reserves which was
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a combination of increased public spending but also. the side effect of the global financial crises so we had the reduction of reserve of the central bank the increase of the deficit there was a need to. provide some financing. to crises and had to authorities restore microeconomic balances. ghana's dept exploded to a new record high reaching fourteen point six billion dollars we talk about credit facilities as if. it doesn't have to be paid back but our children and grandchildren will have to pay is that and i think it's almost like selling the family silver. you can get it back. finance led economic management has been they. and their religion of african listened. and every so-called group is seen as a success which therefore should feed that process even. one of the
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fastest growing economies not just in africa but in the world last year. one of the effects of that is that you so you would think that if economies growing it has greater independence space. and resources to invest in the things that it needs to you know its economy and transform the conditions of its people i mean that's it was what any logical thinking would be however in our case that is not what is happening. in. the.
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room. after finishing her chores in the morning comfortable cutty prepares her grandchildren for school she is a primary school teacher at paga a small agricultural community in northeastern ghana. was. this is the primary school every tree is a classroom there are two hundred ninety one children studying here while.
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many of them have to walk at least five kilometers to get here was a little was there. was. the second largest gold producer in africa cannot provide classrooms to sauza as of children. in ghana four thousand schools have no facilities the lessons like here take place under the trees. we do house structure. we are teaching under three s. and because of that there is no effective teaching and lenna will you. especially when ever it is threatening to rain will have to run home and when did that she's sharing the same problem there wouldn't be the snow or dad not being effective
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teaching and then in the course of the sun when it is hawt. feel confortable to learn and it will feel comfortable to teach. me. no toilets no place materials. and other infrastructure. that is that the problems we're facing to school and i'm not a problem as what the problems. we do have what. so anomalous about three kilometers or four kilometers for the top will drink the water and when it's it is a bore to do there are no reasonable continues for us to sort of. because of what they did a government will always complain and promise but nothing has been. one of the i.m.f. conditions to sign the loan agreement of two thousand and nine was
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a cut in public sector spending ghana's education system has been affected dramatically. well. in order for the government to reach its goals for deficit reduction it decided to cut almost thirty one million euro from the education sector. the building of new classrooms and facilities would have to wait. the government's absence is covered by the community members who raise money in order to build classrooms in any way they can. miss comfort was a leader of this afeard and invested all her savings. really. i. want my oh my god who was after said it to mobilize. to
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help me with some money to put up a classroom i have used my own money in addition to this current amount that was contributed by the community members to put up one classroom block who was who i was. and now some of the children. lemon in that one classroom and the other classes sit in on the trees. yes. so whenever it is raining is even if it is threaten to rain we dismiss the children to. drive you to this rooms indeed. and then when it is more a much this notion of. we all got that one classroom we can use in lots and i thank you for instance. the
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recruitment freeze in the public sector another one of the i.m.f. stipulations for signing the loan agreement had an instant impact on the quality of ghana's education system. and. according to the country's education department in order to cover the teacher shortage alone in primary schools thirty three thousand one hundred eighty five teachers are needed this is something that will never be approved but. you're. here in northern ghana there is one trained teacher like comfort for every one hundred seventy. five students. are you are you. are you are you. and again the inhabitants try to do whatever they can on their own they can teaching positions are covered by parents or volunteers.
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that are. here. the only way. we have money christian problem because somebody. who suffered in. war and they can provide that cheating with nutritionist but. when the mother complain. and there is that ad. that's. discourse a mini. and a fund that saul's for education in government. it's not enough to cover all this they did to disclose that on the trees so dust that the good in some but redoing flicking it once off my it oughtn't and the owner has promised to do it but definitely it come to
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a head it's. going. to move. in jack and not a significant amount of small arms into these already extremely volatile the region of with porous borders. what kind of a placation would it have not only for syria but also for the rest of the region it's a power game i mean if the opposition gets more weapons which can really strategically hurt the government it could change turkey equation by raffling. language killing the killer though if the materials minister is still some of. us choose to use the consensus get to. choose the opinions that invigorated you'll.
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i study with a flashlight because the community has no electricity. it's difficult studying that way. sometimes someone needs a flashlight and i have to wait until they finish. and that makes it difficult for me to study. and i wish we had electricity's so i could study comfortably. in the future i want to become a useful person. i want to become a nurse. so
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. citizens of the new state have got to gather all the celebration marking their day of freedom from colonialism what was once the gold coast a british colony now becomes an independent commonwealth vice president and mrs nixon represent the united states at the three day festivities and native dances and games mark an event of historic importance that's got of it comes the first big row column in africa the game its freedom. in one thousand nine hundred fifty seven ghana game to its independence from the english ever since there has been a love hate relationship with the i.m.f. . from one thousand nine hundred sixty six five
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governments have received loans power has changed hands many times after so many coups. the first to approach the i.m.f. in one thousand nine hundred sixty five was ghana's first president and independence leader. as a marxist he was quick to reject the funds conditions he was overthrown a year later. but in many countries the red dry made battle plan have prayer. and drama drama and good brandon well i. told ruler about a country. the national liberation council government that came to power signed the loan agreement with the i.m.f.
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and accepted the conditions. the economy made a spectacular rebound and at the same time product prices increased. but kick our exports did not yield the expected revenue in one thousand nine hundred eighty one after the fun's recommendation the currency was devalued by forty six point eight percent there was a wage freeze and taxes were increased. a year later general our chum pong through the government. that governmental general election. unilaterally. decided not to pay the debts that's gonna government to that if it was a little over ninety million dollars and. the general of the prince
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took the position that it was something we couldn't be. and we pushed for self-reliance and that was the message that he was giving to ghana and i think he made an impact unfortunately the price of oil hikes soon after that pushed doesn't back into economic decline and we ended up going back to the i'm there for a loan that was after the coup the through a chump amount and it's an interesting paradigm that seems to be. an almost on holy link too good a time as. an economic downturns and then a falling back on the i.m.f. as almost as a savior. drop
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africa in the one nine hundred ninety eight you want you we had what you call i.m.f. rats which is the price of food going up as well as before and that kind of is the ability yes it has to be the backdrop to a lot of the. many more reasons of course by the critical reason has been that the how to secure a growth model which you know if unifies the my joy section of the ruling class number one. which which reduces deflates the political expectation of the population number two because shock therapy is also to tell people that you know political expectations about what you can get on a realistic you can get free education you can get public housing you can get a good pension from the public sector you have to go out in the market and fight
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for yourself. and if you look at the history. that the stratagems have been the scene it's about. devaluing the cd it's about. fiscal. restrictions it's about restricting the government's wage bill it's about privatization the. investing in government factories these are the same things that they do time and again and i do wonder. whether if you keep doing the same thing over and over again and the country doesn't move out of poverty if there isn't a need to rethink what you do well. maybe quantify what we should clarify. actually over the last decade what we've seen in africa and ships are in
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africa. is extremely encouraging in terms of microcosmic policy if we can say that over the last decade michael policies in most of sub-saharan africa has improved. substantially with an emphasis on my quest to bt and on generating what we called buffers. i grew culture is one of ghana's most productive sectors. here in the
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north however it is the only way to survive. glenn doesn't give much. and we use the same old varieties our grandfathers did on. them they don't really give a good harvest. women who brought to him only so many jewels come to help us. number but no government official has ever come to visit us. yeah. only the ngos teach us how to improve how to improve our methods. doesn't come to teach us.
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the ministry of agriculture used to provide us with fertilizer but now they have stopped. moving well now they never visit us like they used to. people i don't understand why the government isn't helping us. to welcome that. well that food sufficiency has its ups and downs. there are times of abundance and times when there isn't enough food for the community. to have the periods of hunger along that is when the food prices hit the roof.
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that is one mil it costs ten cd for you. this is a time of great hunger. government cutbacks would mean for example in the case of a culture that all kinds of subsidies are essential extensions services they all come and all those things affect everything becomes a market price a small form a kind of buy those things they can produce as well so for most of the farm is actually really hump in terms of life in the farmers some of them not able to keep the food after the new school because they do look in the ribs in the shop or the feed in cells into a structure to support and so they have waste and then to support their children in
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