Ghana is in Western Africa, bordering the Gulf of Guinea, between Cote d'Ivoire and Togo. The climate is tropical. It is warm and comparatively dry along the southeast coast, hot and humid in the southwest and hot and dry in the north. The official language is English. It is used in most business transactions. The main religions are Christianity, indigenous beliefs and 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. In Ghana business culture is formal. Ghanaians like regular, face-to-face meetings and personal visits. Expatriate business dress is typically a formal suit. When visiting the predominantly Muslim north, expatriate women should adopt a conservative style of dress to avoid giving offence. The security risk for expatriates in Ghana is medium particularly in Accra and near the borders. Risks include armed crime, carjacking, attacks on residences and vehicle accidents due to poor road conditions and driving standards. The currency of Ghana is the Ghanaian New Cedi (GHS). ATMs are common and will accept most cards. Credit cards are generally accepted at most hotels, guesthouses and some shops. Credit card fraud is however common. Medical facilities are generally poor outside towns. For serious medical emergencies, evacuation will be necessary. Cholera and pneumococcal meningitis have been reported. The population of Ghana is 27 Million (2018 est.), while the inflation rate (CPI) is 9.4% for Ghana as at December 2018. Xpatulator Hypothetical Tax for Ghana is based on the current personal income tax rates which are progressive up to 35%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Ghana, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Ghana as at 1 January 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Average 2) Clothing: Very Low 3) Communication: Average 4) Education: High 5) Furniture & Appliances: Very High 6) Groceries: High 7) Healthcare: High 8) Household Accommodation: Very High 9) Miscellaneous: Very Low 10) Personal Care: Very High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Low 13) Transport: Very High Ghana is for example 10.8% more expensive than USA for groceries, 41.2% more expensive for household costs than UK, and 166.3% more expensive for transport costs than India. The hardship premium for Ghana for an expat from Australia, is for example 20%, i.e. host location (Ghana) premium of 30% minus home (Australia) location premium of 10%. Ghana is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Ghana? Register subscribe to your home location and Ghana and run your personalised reports.