The Bank of Ghana (BoG) has moved to clarify the status of earnings made by Ghanaian digital content creators, officially classifying such income as service export proceeds under the country’s foreign exchange regulations.
In a statement, the central bank explained that revenues generated from international digital platforms including payouts from X—are considered legitimate foreign inflows and are permitted under existing rules.
This means that content creators in Ghana can receive their earnings through Foreign Exchange Accounts (FEAs) held with local banks or have the funds paid directly into their Ghana cedi accounts, as long as all transactions comply with regulatory requirements.
The clarification comes in response to growing concerns among creators who have reported difficulties accessing their earnings from global platforms. Addressing these concerns, the BoG indicated that such challenges are not expected where transactions follow the appropriate guidelines.
“The Bank appreciates the feedback received from affected persons and is actively engaging relevant institutions to identify the source of the issues and ensure prompt resolution,” the statement said.
The BoG also reaffirmed its commitment to working closely with stakeholders to resolve the bottlenecks, stressing its goal of maintaining a stable and supportive financial system that facilitates legitimate cross-border transactions including digital earnings now recognised as service exports.
