The Bank of Ghana (BoG) has issued a clarification on how payouts to Ghanaian content creators from digital platforms, including earnings from X, should be treated under the country’s financial regulations.
According to the statement, such inflows are classified as service export proceeds and are permissible under existing foreign exchange rules. Creators may receive their earnings through Foreign Exchange Accounts (FEA) held with banks in Ghana or directly into Ghana Cedi accounts, provided transactions comply with regulatory requirements.
The Bank acknowledged concerns raised by some creators about difficulties in accessing funds, but assured that properly processed transactions should not ordinarily face challenges. It further noted that feedback from affected persons is being reviewed, and engagements with relevant institutions are underway to identify and resolve the issues.
Reaffirming its commitment, the BoG emphasized that it will continue to engage stakeholders and maintain a stable financial system that supports legitimate cross-border transactions, including digital platform earnings.
This clarification is expected to provide relief to Ghanaian content creators, many of whom rely on digital platforms for income, and strengthen confidence in the financial system’s ability to support the growing digital economy.
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