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in the beginning of two thousand and thirteen the capital of ghana was named africa's fastest growing city.

proof of this weathered dozens of cranes dotting the horizon satisfying the demand for new modern offices for both local companies and banks and multinationals. expensive cars roam the streets. shiny moles filling the consumer dreams of the capital's affluent people. again as 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 a success story. successful.

the role of the i.m.f. is really to advise a micro party 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 at that time the country experienced some fiscal slippage is and depletion of its international reserves which was a combination of increased public spending but also. the side effect of the global

financial crisis so we had the reduction of the reserve of the central bank the increase of the deficit there was a need to. provide some financing. to crises and had to authorities. to make balances. 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 do kind of did not. find as lead economic management has been they. and their religion of african rulers and. so forth and every so-called proof is seen as a success which therefore should feed that process even. one of the fastest growing economies not just in africa but in the world last year. one of the

effects of that is that you so you wouldn't you would think that have economies growing. independent space. and resources to invest in the things that it needs to you know its economy and transform the conditions of his people i mean that's it was what any logical thinking would be however. what is happening.

around the 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 bearer two hundred ninety one children studying here while. i. was there. many of them have to walk at least five kilometers to get here i 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 i. would know how structure. we are teaching under three s. and because of that there is no effect if teaching and leno. especially when ever it is threatening to rain will have to run home and when did the trees share in the same problem they would in the dead of snow. not been effective teaching and then in the course of the sun when it is hot that you reckon i'll feel confortable

to men and to check on will also feel comfortable to teach. me. no toilets no pledged materials. and other infrastructure. so i decided to press for f.e.c. into schools and i'm not a problem as what the problem. we don't have what. so anomalous about three kilometers off or clinton's four put up will drink the water and when it's it is what it is who there are no reasonable quentin as for us to sort of. because of what they did a government will always complain and promise but nothing has been there. one of the i.m.f. conditions to sign the loan agreement of two thousand and nine was 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 of the silty is 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 i was after said it to mobilize. to help me with some money to put up

a classroom i've 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 and that one plus one and the other classes are sitting under trees selling them. yet. so whenever it is raining if even if it is threaten to rain we dismiss the children to. drive you to this rooms enduring and then when it is more a much this nor should. we all get that in one classroom we can use in lots and thanks reforms to. the 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 know you look at you you. know and again the inhabitants try to do whatever they can on their own vacant teaching positions are covered by parents or volunteers. that are. here.

the only way. we have money christian problem because i'm doing. this tattoo softly. video wall and they can provide that cheating with me to show us hurt. when number look on plane. and there is that ad. that discourse and many. end of fun that i've been saul's for education in ghana. it's not enough to cover all this they did disclose that under trees so das started good on some but redo and for me it was off my gotten out and the owners promised to do it but definitely it come up to help it's. going.

well. financed technology innovation all the list of elements from around russia we've got the huge area covered. one of the wonderful moment a lot of these new polish faces you know the mona lisa. lockwood was. a pleasure to have you with us here on t.v. today i roll researcher.

louie. i was a new alert animation scripts scared me a little leaping. there is breaking news tonight and we are continuing to follow the breaking news including the alexander family cry tears of joy and a great thing in that. regard in a court of law found alive is a story made for a movie is playing out in real life please please. you know sometimes you see a story and it seems so for life you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything is i don't know i'm tom harvey welcome to the big picture. plus.

he is easy. when i return home from school i read

a little and then go to the river to get water then i go to the forest to gather wood and then i cook. when i have a lot of chores and can't study during the day i usually study at night. that's it 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 so 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 . citizens of the new state of god 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 since gonna becomes the first big role colony in africa to gain 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 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 primate battle plan has prayer. and drama drama and

good brand on. it today are a bit old ruler about a country. the national liberation council governments that came to power signed the loan agreement with the i.m.f. 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 a chum pong for through the government. the governmental

general election. unilaterally. decided not to pay the debts that's gonna government to that and if it was a little over ninety million dollars and. the general at the point 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.f. for a loan that was after the coup that threw a chump amount and it's an interesting paradigm that seems to be. an almost unholy link to good

a time as. an economic downton's and then a falling back on the i.m.f. as almost a c.v.s. . drop 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 and so forth and that kind of is the ability yes it has to be the backdrop to a lot of the one that affected 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. is also to tell people that your 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 patient from the public sector you have to go out in the market and fight for yourself. and if you look at our history. that the stratagems has 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 or divest 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 let me maybe quantify what we should clarify. actually over the last decade what we have seen in africa and ships are in africa. is extremely encouraging in terms of microcosmic policies. we can say that over the last decade michael policies in most of ships are in africa has improved. substantially with an emphasis on my quest ability and on generating what we called buffers.

i grew culture is one of ghana's most productive sectors. here in the 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. woman you brought to it only so many jewels come to help us. number but no government official has ever come to visit those. young was.

only the n.g.o.s teach us how to improve how to improve our methods. one doesn't come to teach us. the ministry of agriculture used to provide us with fertilizers but now they have stopped. more well now they never visit us like they used to. people really i don't understand why the government isn't helping us. with the.

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 twentieth well. that is one mil it costs ten cd for euro this is a time of great hunger. government cutbacks would mean for example in the case of i could culture that all kinds of subsidies all research all extension services they all come and all those things affect everything becomes a market price a small farmer kind of buy those things they can produce as well so most of the

farm is actually really compact tens of lead into farmers some of the not able to keep the food have to eat in school because they do look in the river then. feed in cells into a structure to support and so they have waste and then to support their children in that occasion. mission. couldn't take three. or three. major months three. three. three. jungles three blog video for your media projects free media don carty dot com.

i would rather as questions for people in positions of power instead of speak on their behalf and that's why you can find my show larry king now right here on our t.v. question more. importantly . iraq. army.

is it possible to navigate the economy with all the details of his diction misinformation and media hype you up to date by decoding the mainstream status if in your mind.

well i'm john berman in washington d.c. and here's what's coming up tonight on the big picture come january most of the major parts of obamacare will go into effect republicans are trying to sabotage a law that will give tens of millions of americans access to affordable health care but could the republican plan backfire that and more tonight big picture politics and also the twenty twelve presidential election was the longest and most expensive in american history besides all the famous romney flaws while will history remember about the election that put the two americas on a collision course with each other on the washington post's dan balz at the bottom of the hour and.