tv [untitled] December 18, 2013 12:30am-1:01am EST
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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 my quest ability clearly over the last.
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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. gammas current economic success could not have been accomplished without the newly received loans the last loan agreement between ghana. 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 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.
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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 you can get it back. financed lead economic management has been they. and their religion of african rulers and. 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 was. one of the effects of that is that you would think that if economies growing. independent space. and resources to invest in the things that it needs to you know to me and
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a primary school teacher at paga a small agricultural community in northeastern ghana. was. this is the primary school every tree is a cause from 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. i was. the second largest gold producer in africa cannot provide classrooms to sauza as of
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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 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 hawt. feel confortable to lead and to check on will also feel comfortable to teach. me. no toilets no place materials. and other infrastructure.
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to decide the problems we're facing to school and i'm not a problem as what a problem. we don't have what. so anomalous about three kilometers or four kilometers for put up will drink the water and when it's voted to school there are no reasonable containers for us to store there. because of what they did a government will always complain and promise that nothing has been the. 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
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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 help me with some money to put up a classroom i 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.
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lemon in that one classroom and the other classes sit in under trees. yet. so whenever it is raining even if it is threaten to rain would dismiss the children to. drive you to the swim's indeed. and then when it is more i'm much this nor should. we all that that 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
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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. they're. the only way. we have monitress improving the pulse of the.
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video war and they can provide that chilling with nutritious for them. when the look on plane. and there is that ad. that's. this school and many. end of funds that the abuse souls for education and. it's not enough to cover all the disclosed that on the trees so dust that the good in some but redoing for me it was off my at all tonight and the owner has promised to do it but definitely it come up to help us. tonight. syria can collapse western backed rebels from either been routed or on the run saudi supported jihad it's now prevailed in rebel held territory civilian populations terrorized meanwhile assad remains in power with this military in town
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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
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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 again it's 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
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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 rama and 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. and accepted the conditions.
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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 nine hundred seventy 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 election. unilaterally. decided not to pay the debts that's. 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
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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 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 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 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 my joy geoid 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 and fight for yourself.
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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 privatisation 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. maybe quantify what you said and clarified. actually over the last decade what we've seen in africa and ships are in africa. is extremely encouraging in terms of microcosmic policy if
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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 you with only so many jewels come to help us. number but no government official has ever come to visit us. to yeah yeah. yeah. only the n.g.o.s teach us how to improve how to improve our methods. one doesn't come to teach us.
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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 is not enough food for the community. so 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 euro this is a time of great hunger that. the government cutbacks would mean for example in the case of agriculture that all kinds of subsidies are essential extension services they all come and all those things affect everything becomes a market price a small farmer kind of buy those things they cannot produce as well so for most of the farm is actually i really hope it turns out. in the farmers some of them not able to keep the food have to do it in school because in the ribs in the shop or then feed into its truck to support and so they have waste and then to support their children in the kitchen.
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government. is the united states privilege and it was done in public has to realize it can't just buy. just throw it away. for instance belongs to the united states environmental protection agency i found this on a dump site here this year it's not always close enough to the producers of these and that's what i think should be able to look at least i believe the vision responsible for the products from cradle to grave. fatal from mexico department of mental health property will sell to murder and copper it also belongs to the washington metro area transit authority properties of a dentist aids page and trademark office. why is the price of gold so high. demand global demand do you think oldest money.
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know the value of the only place we have to live of the water that we need to survive it's not compared to gold i mean gold we're not going to eat gold we're not going to bait with gold. we're not going to drink what clearly what amal is and is in a desperate economic situation absolutely right what we're running to do is say there for any kind of economic development from the outside is going to be a benefit their only purpose is to extract as much money as possible to feed into the global financial system. with me or a part of the geo political economic system that's extremely or split to do. first of all is a question whether mining should even be carried out altogether can it be done in a way which doesn't destroy people's lives resources environment soon you know
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those are pretty serious questions mining is not a what a moment problem it's happening in asia in africa and south america in central america in mexico and it's even happening in canada and the united states. proximately sixteen percent of imports came from illegal fishing. the european union is ironically taking fish from some of the poorest nations on earth so this is a very serious and very urgent problem that needs immediate international action. on the territorial waters of the fish they load the fish into the ships and leave for europe. to day illegal fishing just taking the bread out of our mouths.
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to make an example because he embarrassed hollywood. ambushed by success and online activists face is six years behind bars after a series of legal battles started by u.s. movie makers over their declining profits. they were all either tortured killed or used as human shields r.t. hears from the syrian city of andro were rebel forces have reportedly carried out one of the most barbaric massacres since the beginning of the conflict. brains multi-billion dollar agreement with russia saved from defaulting on its loans but fails to convert testers in the capital with some opposition leaders branding the deal treason.
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