Understanding the Cost of Living in Ghana from Rent to Daily Expenses

If you’re considering moving to Ghana, whether as an expat, a digital nomad, or someone looking for new opportunities, the first question that likely comes to mind is: How much does it really cost to live there? The answer depends on many factors from where you stay, how you live, and what kind of lifestyle you want.

Ghana is one of the fastest-growing economies in Africa, and while it remains affordable compared to the United States or Europe, the cost of living in Ghana isn’t as low as some might expect. Prices for housing, food, transportation, and utilities can vary widely between cities, and imported goods often come with a hefty markup. So, is Ghana expensive or affordable? Let’s break it down.

Also read: How to Open a Bank Account in Ghana

What Determines the Cost of Living in Ghana?

The cost of living in Ghana depends on multiple factors, but the biggest ones are location, housing choices, and lifestyle. Living in Accra, the capital, comes with a price tag similar to some mid-sized cities in the United States. On the other hand, smaller towns like Cape Coast or Tamale offer a much lower monthly cost.

Another major factor is whether you prefer a Western-style lifestyle or are open to living like a local. If you shop at high-end supermarkets, dine at international restaurants, and stay in upscale apartments, your expenses will be significantly higher. But if you embrace Ghanaian markets, eat local food, and use public transport, you’ll find that your monthly costs are much lower.

Housing Prices in Ghana

Accommodation is often the biggest expense, and in Ghana, rent can be surprisingly high, especially in major cities. If you want to live in Accra’s prime locations like Airport Residential, East Legon, or Cantonments, expect to pay premium prices. A one-bedroom apartment in the city center can easily cost around $500 per month, while a three-bedroom apartment might go for over $1,000. If you’re outside the city, rent drops significantly, and you can find a decent one-bedroom for as low as $100.

For those considering buying property, real estate prices have been rising. In central Accra, properties can cost as much as $150 per square foot. Mortgage rates in Ghana are high, with interest rates often exceeding 20%, making it a tough decision for those looking to invest.

Food and Grocery Costs

One of the great things about Ghana is that food can be very affordable, if you stick to local produce. You can buy fresh fruits, vegetables, and meats from traditional markets at a fraction of supermarket prices. A week’s worth of groceries for a single person could cost around $30 if you shop wisely.

However, if you prefer imported goods, be prepared to pay much more. A gallon of milk costs around $10, and a loaf of bread can be over $1. Restaurants also vary greatly in price. A meal at a local food joint might cost just $4, while dining at a mid-range restaurant could set you back $50 for two people.

Should You Own a Car in Ghana?

Public transport in Ghana is cheap. Tro-tros (shared minibuses) and taxis are widely available, with a typical ride costing less than $2. If you use ride-hailing apps like Bolt or Uber, you’ll spend around $5-$10 per trip.

Owning a car, however, can be expensive. Gasoline costs over $4 per gallon, and vehicle prices are high due to import duties. A simple Toyota Corolla could cost over $10,000, which is significantly more than in the United States.

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Utilities, Internet, and Other Expenses

Utility costs in Ghana depend on usage. Electricity bills can be unpredictable, especially if you use air conditioning frequently. A typical monthly electricity bill for a small apartment is around $50, while water and waste management add another $10-$20.

Internet access is another major expense, with high-speed broadband costing around $50 per month. Many people rely on mobile data, which is more affordable, but coverage can be spotty.

Healthcare and Education in Ghana

Healthcare in Ghana is a mix of public and private options. Public hospitals are inexpensive but often overcrowded. Most expats and higher-income locals prefer private hospitals, where a single doctor’s visit might cost between $30 and $100. Health insurance plans range from $50 to $200 per month.

For families, education is another consideration. International schools in Accra can cost over $6,000 per year, making them one of the biggest expenses for expat families.

Read the Cost of Living in Various Countries

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Is Ghana Expensive Compared to Other Countries?

When comparing Ghana to the United States, it’s clear that some things are much cheaper, like rent in smaller cities, local food, and public transport. But other things, such as imported groceries, cars, and private schooling, can be even more expensive than in the States.

For a comfortable lifestyle in Accra, you’ll need around $1,500 to $2,500 per month, while a more frugal lifestyle in smaller cities could be managed for under $1,000.

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The cost of living in Ghana is all about balance. If you’re earning in dollars or euros and live modestly, Ghana can be an affordable and rewarding place to live.

However, if you’re expecting a Western lifestyle with all the conveniences of the United States, you may find costs adding up quickly. Ghana can be a great place to call home if you spend wisely.

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