Cost of living in Ghana, prices and what it is like to live for an Expat, quality of life / hardship, and compare cost of living for Expatriates as at April 2020. What is it like to live in Ghana?
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 dress code 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 safety 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.
Health care facilities are generally poor outside towns. For serious health care emergencies, evacuation will be necessary. Cholera and pneumococcal meningitis have been reported.
The population is 27 Million (2019 est.), and the inflation rate (CPI) is 7.8% for Ghana as at February 2020.
The Xpatulator Hypothetical Tax for Ghana is based on the current personal income tax rates which are progressive up to 30%.
Within Ghana we also cover
Cost Of Living
What is the cost of living in Ghana?
The cost of living for expatriates in Ghana as at April 2020 is average in comparison to other places in the world. We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Ghana is as follows:
1) Alcohol and/or Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$570. Average price in a store for a midrange bottle of wine is USD$7.68, domestic/local beer (500ml) USD$1.47, imported/international beer (330ml) USD$2.51 and a pack of 20 cigarettes is USD$2.83. 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$640. Average price for an international brand of mens jeans is USD$25, a quality international brand of running shoes USD$58, mens leather shoes suitable for office wear USD$47 while a medium size international summer dress from a global chain store is USD$29. 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$194. Average price for a monthly standard plan internet subscription is USD$51, while the benchmark mobile tariff is USD$0.03 per minute. 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$27900. Average annual private international school fee (excluding extras) USD$18,195 for Primary School, and USD$20,248 for High School. 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$3125. Average price for a 6kg front loader Washing Machine is USD$858, and USD$737 for a 46+'' LED UHD TV. 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$710. Average grocery prices in a major international retail store for 1 kg apples is USD$2.30, 1 kg oranges USD$1.95, 1 head lettuce USD$1.11, 1 kg potatos USD$2.65, 1 kg boneless, skinless, chicken breast USD$5.63, 1 kg cheddar cheese USD$13.79, 1 dozen large eggs USD$2.64, 500g loaf white bread USD$1.26, 1 L full cream milk USD$2.28, and 1.5 L water USD$0.81. 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$640. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$52, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$1,584. 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$2350. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$3,295 in a central location, and USD$1,657 in a suburban location, per month, excluding utilities. 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$420. Average price for dry cleaning (1 mens 2 pc suit) is USD$8.24, while an international newspaper is USD$2.53. 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$260. Average cost for a mens haircut and blow dry is USD$21, while a womens hair colour, cut and blow dry - medium length is USD$104. 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$280. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$7.10, and an international fitness, recreation or sports club membership cost for one adult is USD$82 per month. 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$430. Average cappuccino price (regular, medium) is USD$2.31, coke/pepsi (330ml) USD$0.98, burger meal (international franchise or similar) USD$9.22, and a mid-range international restaurant meal for 2 USD$24.83. 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$860. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$0.91, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$10,912. How does the cost of living in Ghana compare?
Ghana is -4.5% cheaper than USA for groceries, -15.8% cheaper for household costs than UK, and 83% more expensive for transport costs than India.
What is the quality of life / hardship in Ghana?
Ghana is ranked as a high degree of hardship location.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%.
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