BoG Probes Challenges Associated with Ghanaian Content Creators Payouts

The Bank of Ghana is engaging with relevant stakeholders to identify the sources of the challenges content creators face in accessing their earnings from digital platforms.

In a statement, it said it was actively reviewing the matter.

“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.”

Meanwhile, it clarified that payouts to Ghanaian content creators from digital platforms, including earnings from X, are classified as service export proceeds.

The Central Bank noted that such 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.”

It posited that such challenges should not ordinarily arise when transactions are processed correctly.

Story by Hajara Fuseini

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