The Bank of Ghana (BoG) has issued a public statement addressing concerns about how earnings from digital platforms are handled for Ghanaian content creators, confirming that such income is legally recognized as export revenue.
In the statement, the central bank explained that payouts received from global platforms including those like X are classified as “service export proceeds.” This designation means the funds fall under existing foreign exchange regulations and are fully permissible within Ghana’s financial system.
According to the BoG, creators can receive their earnings either through Foreign Exchange Accounts (FEA) held with local banks or directly into Ghana cedi accounts. However, the bank emphasized that all transactions must comply with applicable regulatory requirements to ensure smooth processing.
The clarification comes amid complaints from some digital creators who have reported difficulties accessing their funds. The central bank acknowledged these challenges, noting that such issues should not typically occur when transactions are handled correctly. It added that it is actively reviewing the situation and working with relevant institutions to identify and resolve the underlying causes.
The BoG further assured stakeholders that it will continue engaging affected parties while reinforcing its commitment to maintaining a stable financial system. The bank reiterated its support for legitimate cross-border transactions, including income earned through digital platforms, as part of Ghana’s growing digital economy.
