The Bank of Ghana (BoG) has issued a clarification regarding the treatment of payouts to Ghanaian content creators from digital platforms, including earnings from X, which are now classified as service export proceeds. The central bank emphasized that such inflows are permissible under existing foreign exchange regulations.
According to the BoG, content creators can receive these earnings through Foreign Exchange Accounts (FEA) held with banks in Ghana or into Ghana Cedi accounts, provided all transactions comply with regulatory requirements. The bank acknowledged concerns raised by some creators about difficulties accessing these funds and assured that it is actively reviewing the matter. The BoG is engaging with relevant institutions to identify the sources of issues and ensure prompt resolution.
The bank reiterated its commitment to maintaining a stable and enabling financial system that supports legitimate cross-border transactions, including digital platform earnings classified as service exports. The BoG also emphasized its ongoing efforts to engage stakeholders and address challenges faced by content creators in accessing their earnings.
