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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 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 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 police she's so we we do not we do not construct bridges and develop infrastructure but in time of micro stability 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 used 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 a balance if. 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 good luck. finance led economic management has been they. and their religion of african rulers and. so forth and every so-called group 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 if economies growing. independent 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 it was what any logical thinking would be however in our case that is not 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 cause for a bear or 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. 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 trees and because of that there is

snow in the effective teaching and leno. especially when ever it is threatening to rain we have to run home and wended the trees sharing the same problem there wouldn't be the snow or the not being effective teaching and then in the course of the sun when it is hot that you reckon i'll feel confortable to nan and to check on will also feel comfortable to teach. no toilets no pledged materials. and other infrastructure. to decide it for best raffi seem to school and i'm not a problem as what the problem. we don't have what. so anomalous about three kilometers or four kilometers for what up will drink the water and when it's voted to school there are no reasonable quentin is for us to saudi. 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. was more like oh my god i have decided 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. lemon and one plus one and the other classes sitting under trees. yet. so whenever it is raining is even if it does threaten to rain would

dismiss. dr yunus forms india. and then when it is boring much this nor should. we all gather in one class and we can use in lots and i thank you for. 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 gammas education system. 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. and again the inhabitants try to do whatever they can on their own they can teaching positions are covered by parents or volunteers. that are. here. the only way. we have monitress improving the pulse of the. war and they come provide that chilling with me to show us what. we're number look on plane. and there is that ad. that's discourse and many. end of funds that i've been saul's for education in gun.

it's not enough to cover all this that they did disclose that on the trees so deaths that the good in some but rita and for me it was off my it or tenor and the owner has promised to do it but definitely it come up to help us. tonight. we speak your language as anybody will or not a day of school music programs and documentaries and spanish what matters to you breaking news a little tonnage of angles kid news stories. you hear. then surely i'll teach spanish to find out more visit i to allahabad all tito is calm.

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play. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm trying hard welcome is a big picture. i would rather i asked questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our t.v. question more. when

i return home from school i read a little and then go to the river to get water and then i go to the forest to gather wood and then i cook a little good will i'm good. for i have a lot of chores and can't study during the day i usually study at night. to get. the money for growing my lad secondly i study with a flashlight because the community has no electricity. in.

it's difficult studying that way. sometimes someone needs a flashlight and i have to wait until they finish. that makes it difficult for me to study. i wish we had electricity so i could study comfortably. in the future i want to become a useful person. i want to become a nurse. citizens

of the new state of god i 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 god becomes the first big roll call of me and after god gave its freedom. in one nine hundred fifty seven ghana gained 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 quatermain kumar. as a marxist he was quick to reject the funds conditions he was overthrown a year later. but in many countries the red primaries battle plan has prayer. and drama. good brand and well i. would be appalled. about it on. the national liberation council government 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. 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 overthrew the government. that governmental general. 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 of the prince took the position that it was something we couldn't see and we pushed for self-reliance. 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 us and 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 on holy think too good a time as. an economic downton's and then a falling back on the i.m.f. as almost as a savior. 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 as before and that kind of is the ability yes it has to be the backdrop to a lot of the. fact that 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 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 pension 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 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 privatisation of the deal this thing 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 said in clarify. actually over the last decade what we've 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 to bt and on generating what we could but for us. agriculture 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. and they don't really give a good harvest. women who brought you with only so many jewels come to help us. number but no government official has ever come to visit just need. to yeah yeah. yeah. only the n.g.o.s teach us how to improve our improve our methods. doesn't come to teach us.

the ministry of agriculture used to provide us with fertilizers but now they have stopped. moving 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 the food sufficiency has its ups and downs. there are times of abundance and times when there isn't enough food for the community. the periods of hunger along that is when the food prices hit the roof well. that is one mil it costs ten cd for euro this is a time of great hunger that. the

government cutbacks would mean for example in the case of i think also that all kinds of subsidies are reset extension services they all come back and all those things affect everything becomes a market price a small farmer kind of buy those things they can produce as well so for most of these farmers actually i really hope it turns out live in the farmers some of the number. would have to do it in school because they'd look in the river in the shop or then feed into a structure to support and so they have ways and then to support their children the medication.

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