The Bank of Ghana (BoG) says it has taken steps to engage stakeholders in addressing the challenges Ghanaian content creators face in accessing their earnings from digital platforms.
According to the central bank, it is actively reviewing the matter with relevant stakeholders.
“The Bank will continue to engage affected stakeholders throughout this process. The BoG remains committed to maintaining a stable and enabling financial system that supports legitimate cross-border transactions, including digital platform earnings classified as service exports,” a statement from BoG stated.
BoG clarified the treatment of earnings received by Ghanaian content creators from digital platforms, noting that such payouts are classified as service export proceeds.
According to the central bank, these inflows are permissible under existing foreign exchange regulations.
“Creators may receive these earnings through Foreign Exchange Accounts (FEA) held with banks in Ghana, or into Ghana Cedi accounts, provided all transactions are processed in accordance with applicable regulatory requirements.”
The Bank explained that such challenges should not ordinarily arise when transactions are processed correctly.
It emphasized its commitment to maintaining a stable and enabling financial system that supports legitimate cross-border transactions, including digital platform earnings classified as service exports.
