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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 roaming the streets. shiny moles for 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. 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 that time the country experienced some fiscal slippage us and depletion of its international reserves which was 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 do you can get it back. finance led economic management has been they. and their religion of african rulers and 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 would think that we have economies growing. independent space. and resources to invest in the things that it needs to you know transform 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 there are two hundred ninety one children studying here while. many of them have to walk at least five kilometers to get here was little was.

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 in effect if teaching and then. 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 snow or dad not being effective teaching and then in the course of the sun when it is hawt. that you reckon i'll feel comfortable to listen and to check on also feel comfortable to teach. me.

no toilets no play materials. and other infrastructure. to decide the problems we're facing to school and i'm not a problem as what the public. will have what. so anomalous about three kilometers or four kilometers for the top will drink the water and when it's voted to school there are no reasonable continues for us to sort it. because of what they did a government who always complained and promised but nothing has been. 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 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. he was. my. god i have decided to mobilize. to 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. i was. and now some of the children i live in and that one classroom and the other classes sit in under trees. yet. so whenever it is raining even if it is threaten to rain we dismiss the children to. drive years forms indeed. and then when it is boring much this nor should. we all got 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. 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. that are. here that are like.

that all right. we have money in the christian program the both sunday. war and they come providing us chilling with nutritious for them. when the mullah complain. and there is that the aggie. that's disclose a many. end of funds but the abuse saul's for education in gun. it's not enough to cover all disks the need to disclose that on the trees so does that the good in some but you do inflicting it once off my it or tenants and the owner has promised to do it's a definite come to a head it's. going to.

happen and i've. got a quote for you. it's pretty tough to. stay with substory. let's get this guy like you but schmear that guy's stead of working for the people motivations the mainstream media are working for each other bribery misdeeds you know what. they did run it well. we're. big bucks like. everybody's going to do is joe did you know the price is the only industry specifically mention in the constitution should come to fox that's because a free and open press is critical to our democracy trek albus. role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and out across several we've been hijacked why

a handful of powerful transnational corporations that will profit by destroying what our founding fathers one still just my job market and on this show we reveal the big picture of what's actually going on in the world to go beyond identifying the problem trucks rational debate and a real discussion critical issues facing america if i ever feel ready to join the movement. i don't walk there.

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. what i have a lot of chores and can't study during the day i usually study at night. that 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. which 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 of 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 role colony in africa to gain its freedom. in one thousand 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. 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 rama and brandon. a big old rule or about a country. 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. but kick our exports did not yield the expected revenue in one thousand nine hundred eighty one after the funds 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 election. unilaterally. decided not to pick the debts that's gonna government to that and if it was a little of the 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 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 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 think too good a time as. an economic downturns and then a falling back on the i.m.f. as almost as a c.v.s. .

throughout 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 but 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 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 has been the scene it's

about. devaluing the cd it's about. fiscal. restrictions it's about restricting government 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 you said and clarified. 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 polley she's in most of ships are in

africa has improved. substantially with an emphasis on my quest to be a key 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 he has the same old varieties our grandfathers did.

and 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. one doesn't come to teach us. 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. with the. well that food sufficiency has its ups and downs there are times of abundance and times when there is not 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 agriculture that all kinds of subsidies are essential extension services they all come back and all those things affect everything becomes the market price the small farmer kind of buy those things they can't produce as well so most of the farm is actually really compact in terms of lead in the farmers some of the not able to keep the food have to do it in school because they do look in the blue ribbon and then feed in cells into this truck to support and so they have ways and then to support their children in that occasion.

live. rules in effect that means you can jump in anytime you want. a little leg. lead. player has a new alert animation scripts scare me a little illegal there is breaking news tonight and we are continuing to follow the breaking news the team the alexander family cry tears

of joy at great things rather that there has to be adequate regard at a court of law on the ground to a liar there's a story made sort of movies playing out in real life. please. look. for the underlying the new knowledge base it's a little about. the luck. pleasure to have you with us here on our teacher day i roll researcher.

and this is a site that i think corporation kind of can. do and the banks and all that all about money and i was actually sick for a politician to write the laws and regulations that. coming up. here are just too much is it a. top look at. wealthy british style. time to. market why not. come to. find out what's really happening to the global economy with mikes concert for

a no holds barred look at the global financial headlines tune in to cause a report on our. i think. everybody. should you know the press is the only industry specifically mentioning the constitution which says that's because a free and open press is critical to our democracy schreck all folks. that i know i'm charming and i'm a show we'll reveal the picture of what's actually going going to be go beyond identifying problems trying to crash will abate a real discussion critical issues facing family members ready to join the movement then welcome the big picture. well i'm tom hartman in washington d.c. and here's what's coming up tonight on the big picture.