Visiting Executive Vice President of the International Finance Corporation is asking banks to further reduce their lending rates. Though the rates have dropped considerably over the past few months as a result of a number of cuts in the Central Bank’s policy rate, businesses are still not happy with the current lending rates of about 30 percent and have been mounting pressure on government to do something about it. The IFC boss agrees. Lars Thunell who was speaking at a media briefing on his arrival in the country Wednesday said the current rates reflect a fair amount of inefficiency the banks need to address in the interest of private sector growth. The Corporation also announced the release of 50 million dollars for the SME sector. It brings to 530 million the financial support given to the sector so far by the IFC, a member of the World Bank group. The IFC boss is expected to meet with the Central Bank Governor as well as some government officials. Source: Joy Business/Myjoyonline.com/Ghana