BoG Classifies Digital Content Earnings as Service Export Proceeds; Moves to Address Access Challenges to Earnings
The Bank of Ghana (BoG) has clarified that earnings accrued by Ghanaian content creators from digital platforms are to be treated as service export proceeds under the country’s foreign exchange framework.
In a statement, the central bank indicated that payouts from global digital platforms—including revenues earned from X—qualify as permissible inflows under existing foreign exchange regulations.
According to the BoG, content creators are allowed to receive such earnings through Foreign Exchange Accounts (FEAs) held with banks in Ghana or directly into Ghana cedi accounts, provided that all transactions comply with applicable regulatory requirements.
The clarification follows concerns raised by some digital creators over challenges in accessing funds from international platforms. The central bank, however, noted that such difficulties should not typically arise when transactions are processed in line with regulatory 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 noted.
The BoG further assured that it will maintain engagement with stakeholders as it works to address the challenges, reiterating its commitment to a stable and enabling financial system that supports legitimate cross-border transactions, including digital earnings classified as service exports.
