Accra: The Bank of Ghana: has clarified the treatment of earnings for Ghanaian content creators, stating that payouts from digital platforms, including earnings from X, are classified as service export proceeds.
According to Ghana Web, such inflows are permissible under existing foreign exchange regulations and can be received through Foreign Exchange Accounts (FEA) held with banks in Ghana or into Ghana cedi accounts, provided all transactions comply with applicable regulatory requirements.
'The Bank of Ghana wishes to clarify that payouts to Ghanaian content creators from digital platforms, including earnings from X, are classified as service export proceeds,' the statement said. The BoG also addressed concerns raised by some content creators about difficulties accessing their funds, noting that such challenges should not ordinarily occur when transactions are properly processed.
'When transactions are processed correctly, such challenges should not ordinarily arise,' the statement said.
The central bank further disclosed that it is actively reviewing the matter and engaging relevant institutions to identify the source of the issues and ensure prompt resolution.
It added that the Bank will continue to engage affected stakeholders throughout the process, while reaffirming its commitment to a stable financial system that supports legitimate cross-border transactions, including digital platform earnings classified as service exports.