Ghana’s central bank on Monday raised its main lending rate by a further 250 basis points to 27% to try to crack down on inflation in an economy facing its worst economic crisis in a generation. The cocoa, gold, and oil-producing nation, has experienced successive jumps in inflation which climbed to an annual 40.4% in October, a 21-year peak despite aggressive central bank lending rate hikes this year. Bank of Ghana Governor Ernest Addison has said that the Monetary Policy Committee believed that there were signs that earlier rate hikes had dampened the pace of month-on-month inflation.