Ghana, a developing country located in the west African region is a beautiful place to live considering the magnitude of peace and serenity it incorporates, nonetheless, cost of living is undeniably high and pretty higher than visitors may expect.
The average salary in Ghana after taxes is $447,which is only enough to cover living expenses for 0.6months. The cost of living in Ghana is $701,which is 1.37 times less than the world average.
Ghana has been ranked 120th out of 197 countries by cost of living and the 105th best country to live in. Ghana’s capital, Accra was ranked as the 63rd most expensive spat destination out of the 209 cities analysed in the 2019 Mercer Cost of Living Survey.
This article about the Cost Of Living In Ghana 2021 written by Latest Ghana as Ghana’s Information portal has all to educate you about your next trip and living in Ghana as a country in West Africa.
Table of Contents
Cost Of Food In Ghana
Early morning, you may need something for breakfast and you can buy porridge or prepare your Milo or Coffee with fried egg and some slice of break. Koko (porridge) can be served with Koose, Bofrot, or bread.
In Ghana, there are many foods you can buy to appetite your moments of hunger at launch or supper. Just take a look at some popular Ghanaian foods like Waakye served with salads, eggs or fish might cost GHS 10 in total. Fufu served with Tilapia or Goat mean price in Accra might be selling for GHS 30 to GHS 50 cedis. Banku with Tilapia is another interesting meal to enjoy and can cost not less than GHS 30 — based on the particular restaurant you buying from.
Cost of Accommodation in Ghana
Accommodation is fairly expensive in Ghana most especially in the big cities and towns.
This is due to the rapid growth in the country’s population and the inviolable desire of citizens in the rural areas to taste serenity which is readily served by the towns and cities(rural urban drift).
The increase in the growth of the foreign population in the country as result of more international companies coming to set up offices in the country can not be left out as a reason for high cost of Accommodation in the country. Since demand is high,cost will certainly be high.
An executive 3 bedroom self contain in the capital city, Accra by Kingwode properties is estimated around $5,280 annually. You can also get a single room self contain(not flashy) around $1,000 annually.
Cost Of Transportation In Ghana
The cost of accommodation in Ghana is always on the run due to the constant fluctuation in the fuel prices. The most common mode of transportation in Ghana, includes tro-tros (mini-buses),trains and motorbikes. Though cheap, this means of transportation can sometimes be mercurial, unreliable and uncomfortable.
For this reasons, Uber, Boats and hiring cars from hiring companies with private drivers can serve as alternatives when comfort and reliability becomes a necessity.
A tro-tro (minibus) from Accra Central to Teshie which is 12.9km apart and a 21mins drive could cost you $1.2 whilst the same journey on Uber could cost you $13.
Cost of Healthcare In Ghana
Healthcare in Ghana is pretty cheap on average. Ghana has a universal health care system, National Health Insurance Scheme (NHIS) Which has made healthcare in Ghana cheap.
The NHIS is currently serves people in both the formal and informal employment sectors and seeks to increase access to healthcare for all Ghanaians. The NHIS only covers healthcare at the public healthcare centers.
The price of Short visit to private Doctor (15 minutes) in Accra is $31.
Cost of Education in Ghana
Education has been made free in Ghana in the pre-tertiary institutions(Nursery To Senior High Schools).
Whiles, there are elite private pre-tertiary schools whose cost should be estimated around $6,000. On average, you should expect to pay between GHS $4,000 and $14,000 per year for an undergraduate degree programme. For a postgraduate degree programme, you should expect to pay between $4,000 and $ 12,000 per year. The average total household cost per student per year in a government school is $1,784 and and 2,440 a private one.
Watch Video Of Cost Of Living In Ghana
If you are planning your next trip to Ghana and finding how much you can spend or thinking about the Cost Of Living In Ghana for 2021, then Latest Ghana has all for you to know today.
You can enjoy yourself on a trip with a budgeted cost in any area in Ghana like; Accra, Kumasi, Tamale, Takoradi, Cape Coast, Winneba, Sunyani, Ho, and many other places with best tourist attraction sites.