IMF approves next disbursement under Ghana's aid deal -sources

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ACCRA, April 30 (Reuters) - The International Monetary Fund’s (IMF) board on Monday approved the next disbursement of about $190 million under Ghana’s aid program, two sources at the Washington-based lender told Reuters.

The commodity exporter will begin a roadshow this week to market a $2.5 billion Eurobond issuance to restructure debt and support the government's 2018 budget, a senior government official said.

The West African country is in its final year of the $918 million credit deal signed in April 2015 to fix its economy, dogged by high deficits, inflation and a distressing public debt.

Finance Minister Ken Ofori-Atta told Reuters last week that the government was looking to issue the Eurobonds with a coupon in the 7 percent range, well below previous sales.

"The process for the issuance is ongoing and the roadshow is going to start this week," a senior government official told Reuters on Monday.

The government appointed Standard Chartered Bank, JP Morgan, Bank of America (Swiss: BAC-USD.SW - news) and Citibank to advise on the bond sale, with Fidelity Bank and IC Securities participating as local partners. (Reporting by Kwasi Kpodo; Editing by Angus MacSwan)