Cost of living and prices in Ghana, prices of food, rent, shopping, etc 🇬🇭 Updated Jul 2023
Ghana is a beautiful country located in Western Africa, bordered by Burkina Faso, Ivory Coast, and Togo. Covering an area of 239,460 square kilometers, Ghana has a population of 24,339,838 with a population density of 101.64 people per square kilometer. English is the official language while the Ghanaian cedi is the local currency. Ghana has a diverse economy with agriculture being the mainstay, followed by services and industry. The country has a GDP of $45,550,000,000, with a GDP per capita of $1,871. Its rich history, culture, and vibrant markets make it a great tourist destination. Ghana is also home to several UNESCO World Heritage Sites that showcase the country's rich history. Come experience the beauty and diversity that Ghana has to offer!
Cost of Living Estimate in Ghana
You can calculate cost of living in Ghana by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
Ghana is a foodie's paradise, with countless dining options that cater to all tastes and budgets. Traditional Ghanaian cuisine features heavily, with dishes such as Jollof rice, fufu, and waakye readily available in local restaurants and street food stalls. For those seeking international flavors, there are plenty of options too, including Indian, Chinese, Italian, and Lebanese restaurants. Whether you're in the mood for a quick snack or a fancy dinner, you'll find a restaurant that fits the bill in Ghana.
Beyond the traditional restaurants and street vendors, there are also some unique eating experiences to be had in Ghana. One highlight is the "chop bar," which is a type of informal restaurant that specializes in grilled meats. Another culinary adventure not to be missed is the weekly night market in Accra, where vendors sell a variety of street food, souvenirs, and handmade crafts. No matter where you choose to dine, the warmth and hospitality of the Ghanaian people will make your dining experience unforgettable.
As a developing country, Ghana is constantly experiencing fluctuations in its market prices. Factors such as local supply and demand, international trade, and inflation significantly contribute to these changes. The agricultural sector, which is a major source of income for Ghanaians, plays a significant role in determining the country's market prices. This implies that the prices of commodities such as cocoa, maize, and vegetables affect the livelihood of many Ghanaians. Moreover, Ghana's mining industry has a significant impact, particularly through the exportation of gold, oil, and other minerals, which affects the country's foreign exchange rates.
The Ghanaian government has put in place various policies to regulate the country's market prices. This includes interventions such as import and export controls, subsidies, and tax incentives. Additionally, the government has set up institutions such as the Ministry of Agriculture and the Ministry of Trade and Industry to monitor price changes and implement measures to stabilize prices. Despite these efforts, Ghanaian consumers continue to face challenges such as price volatility, high cost of living, and limited access to affordable products. Despite these trends, Ghanaians are entrepreneurial people, constantly adapting to market changes and finding innovative ways to access necessary goods and services in an ever-fluctuating market.
Transportation in Ghana is an adventure in itself! The most common forms of public transit are minibuses, locally called “tro-tros,” which are cramped vans that are often filled beyond capacity with passengers and their luggage. However, if you’re looking for a more comfortable way to travel, there are also taxis and ride-hailing services available in major cities like Accra and Kumasi. In addition, if you’re traveling to rural areas, you may also be able to hire a motorbike taxi, known as an “okada,” for a quick and convenient way to get around.
If you’re looking to travel beyond the city limits, one of the most popular options is to take a long-distance bus. There are several bus companies that offer routes throughout the country, with varying levels of comfort and amenities. Alternatively, if you’re feeling adventurous, you can also rent a car and hit the open road! However, it’s important to note that driving in Ghana can be challenging due to the poor road conditions and erratic driving habits of other motorists. Regardless of your preferred mode of transportation, traveling around Ghana is sure to be an unforgettable experience!
Utilities Per Month prices
One thing that travelers should keep in mind when visiting Ghana is the cost of utilities. Ghana is a country that experiences frequent power outages, so it's important to factor in the cost of alternative sources of energy such as generators or solar panels. The cost of utilities, such as electricity and water, can also be higher than what travelers are used to. However, it's important to note that Ghana has made significant strides in improving access to electricity and water in recent years.
In addition to electricity and water, travelers should also be aware of the cost of internet and phone services in Ghana. While there are a variety of options available, internet speeds can be slow and coverage may be limited in more remote areas. It's also important to note that purchasing a SIM card for your phone may be necessary if you plan on using data or making phone calls frequently. However, with the growth of mobile technology in Ghana, it's likely that travelers will find a variety of affordable and convenient options for staying connected during their trip.
Sports And Leisure prices
Ghana offers a plethora of sports and leisure activities that travelers can enjoy. Soccer is the most popular sport in the country, and it is played at both amateur and professional levels. Visitors can catch a game at one of the numerous stadiums across the country, or they can even join in the fun and play with locals. Additionally, Ghana has a booming boxing scene, with many fighters coming from the country. Visitors can watch traditional boxing matches or even attend an international championship. When it comes to leisure activities, the country's serene beaches are a great destination for relaxation and fun. Tourists can indulge in water activities like surfing, fishing, and kayaking in the warm waters of the Atlantic Ocean.
Another leisure activity that is unique to Ghana is drumming and dancing. The country has a rich cultural heritage, and music and dance are integral to the culture. Visitors can learn to play traditional Ghanaian drums and take dance lessons to experience the vibrant culture firsthand. In addition to music, Ghana is also famous for its food. The country has many local dishes that visitors can sample, such as jollof rice, banku, and fufu. Visitors can participate in cooking classes to learn how to prepare these dishes and even visit local markets to buy fresh ingredients. Overall, there are plenty of exciting sports and leisure activities for travelers to enjoy in Ghana.
Salaries And Financing prices
When it comes to salaries in Ghana, it's important to understand that the cost of living can vary widely depending on where you are in the country. While some jobs may offer more generous salaries, it's important to consider expenses like transportation, housing, and food when making financial decisions. Additionally, it's common for workers in Ghana to negotiate their pay and benefits with their employers. If you're planning to live and work in Ghana, it's a good idea to research average salaries in your industry to get a sense of what you can expect.
Financing can also present unique challenges in Ghana, particularly for travelers who are accustomed to banking systems in other countries. While there are a number of banks and financial institutions in Ghana, it's important to be aware of factors like currency exchange rates, transaction fees, and ATM availability. Many travelers choose to bring cash or traveler's checks with them to avoid these potential pitfalls. If you do plan to use a bank in Ghana, it's important to do your research beforehand to find a reputable institution that meets your needs.
Childcare prices in Ghana vary depending on the type of care provider you choose. Schools and Kindergartens tend to charge higher prices compared to other types of childcare providers. Despite this, they remain the most popular options for Ghanaian families.
Schools, in particular, tend to provide a more structured learning environment for children. They typically have a curriculum that covers a range of subjects, including literacy, numeracy, and science. Kindergartens, on the other hand, focus more on play-based learning and developing social skills. Both options have their pros and cons, and it ultimately depends on the individual needs of the child and their family's budget.
Clothing And Shoes prices
Shopping for clothing and shoes in Ghana can be a fantastic experience. From traditional prints to modern designs, there is something for everyone. You can find a range of prices depending on what you are looking for. Whether you are on a tight budget or looking to splurge, there are shops that cater to all needs. Some of the popular places to shop for clothing and shoes in Ghana include Accra Mall, Osu Street Market, and Makola Market.
In addition to traditional markets, there are also some popular clothing and shoe stores in Ghana. These stores offer a wide range of styles and designs. Some of the popular brands include Woodin, Vlisco, and Kente. You can find both local and international brands that are popular among Ghanaians. Shopping in Ghana is a great way to support local businesses while also getting some amazing items for your wardrobe.
Rent Per Month prices
Short stay and rent options in Ghana are great for people who want to enjoy the country's culture and attractions without committing to a long-term lease or purchase. There are several options available to meet your budget and needs, including apartments, penthouses, guest houses, and villas. Short-term rental prices vary by location, size, and amenities, but you can find great deals that offer all the comforts you need and more. Whether you're visiting Ghana for business, leisure, or family reasons, short stay and rent options make it easy to find a comfortable, affordable place to call home for the duration of your stay.
When choosing a short rent and stay option in Ghana, you can find something that meets all your needs and preferences. Short-term rentals are available in different locations across the country, from the bustling city centers to the serene countryside. You can get a private room or an entire home, depending on your needs. Additionally, short-term rentals come in various sizes and styles, so you can find something that suits your budget and taste. If you're traveling with family or friends, you can even get a spacious villa or a penthouse that offers all the space and amenities you need to make your stay comfortable and enjoyable.
Buy Apartment prices
Real estate buying options in Ghana are diverse, ranging from luxury apartments and villas to more modest houses and land purchases. Buyers have the option to invest in either residential or commercial properties, depending on their specific needs and preferences. Additionally, developers are continually erecting new properties, ensuring that buyers have access to a wide range of options.
When it comes to prices, real estate buying can vary significantly depending on various factors such as location, type of property, and amenities provided. Some popular areas in Ghana that are known to have a higher cost of living also tend to have more expensive real estate options. However, for buyers on a tighter budget, various affordable and practical options are available throughout the country. In summary, potential buyers in Ghana can find suitable properties at different price points to meet their needs and budgets.