ACCRA, March 20 (Reuters) - Ghana is set to name four banksas lead advisers for a planned sale of up to $2.5 billion ofEurobonds, expected by June, sources close to the transactionsaid on Tuesday.
The exporter of cocoa, gold and oil is seeking to raise $2.5billion to pay off debt and finance its 2018 budget.
Standard Chartered Bank, JP Morgan, Bank ofAmerica and Citibank will advise on the bondsale, the sources said, with Fidelity Bank and ICSecurities participating as local partners.
One source told Reuters the lenders would be meetingMinistry of Finance officials this week to finalise details ofthe planned transaction.
Ghana is in its final year of a $918 million credit dealwith the International Monetary Fund under which it is aiming toreduce the budget deficit, inflation and public debt, which hit68 percent of GDP last year.(Reporting by Kwasi KpodoEditing by Sofia Christensen)