Accra is the capital and most populous city of Ghana. Accra is the administrative, communications, and economic centre of the country. Over 70% of Ghana's manufacturing capacity is located within the Accra region. Ghana is in Western Africa, bordering the Gulf of Guinea, between Cote d'Ivoire and Togo. Tropical; warm and comparatively dry along southeast coast; hot and humid in southwest; hot and dry in north. Mostly low plains with dissected plateau in south-central area. The official language is English. It is used in most business transactions. The main religions are Christianity, indigenous beliefs, Islam. The economy of Ghana, West Africa has a diverse and rich resource base, and as such, has one of the highest GDP per capita in Africa. Ghana remains somewhat dependent on international financial and technical assistance as well as the activities of the extensive Ghanaian diaspora. Gold, timber, cocoa, diamond, bauxite, and manganese exports are major sources of foreign exchange. The population in Accra is 1.7 Mil (2014 est.), while the inflation rate is 15% (2014 est.).
Cost Of Living
The cost of living for expatriates in Accra as at 1 July 2014 is high in comparison to other places in the world. In Accra, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Low 2) Clothing: High 3) Communication: Average 4) Education: Low 5) Furniture & Appliances: Average 6) Groceries: Average 7) Healthcare: Low 8) Household Accommodation: Very High 9) Miscellaneous: Low 10) Personal Care: Average 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Average 13) Transport: High Accra is for example -3.3% cheaper than Montevideo for groceries, 47.4% more expensive for household costs than Durban, and 10.4% more expensive for transport costs than Athens. Accra is ranked as a high degree of hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Accra for an expat from Zurich is for example 20%, i.e. host location (Accra) premium of 30% minus home (Zurich) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Accra? Register subscribe to your home location and Accra and run your personalised reports.