Ghana further cuts benchmark lending rate to 21.5 pct

ACCRA, Sept. 17 (Xinhua) -- Ghana's monetary authorities on Wednesday announced a further 350-basis-point cut in the benchmark lending rate to 21.5 percent, down from 25 percent, as inflation continues to ease.

Bank of Ghana Governor Johnson Asiama said the decision taken at the 126th regular meeting of the Monetary Policy Committee (MPC) of the Bank of Ghana is in line with the easing of inflation and inflationary pressures.