Ghana Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

No data

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

No data

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

No data

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$180

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Ghana Cost of Living trends and investment implications

Market Overview

Ghana's cost of living for expats and remote workers is moderately affordable, although rising faster than salaries. The average monthly salary is $179.92, which poses a challenge for local earners but offers potential value for international remote workers. Investors should consider the increasing demand for digital infrastructure and housing as opportunities for growth.

Key Findings

Data-driven insights

•Basic utilities cost approximately $80 per month, consuming about 44.5% of the average salary.
•Internet plans range from $50 to $70 monthly, making it a significant expense for both locals and expats.
•Mobile plans can cost around $20 per month, adding up to 11% of the average salary.
•Combined, utilities and connectivity can take up to 82% of the average salary, highlighting affordability challenges for locals.

Market Trends

Historical patterns

•Utility costs have increased by approximately 4% annually over the last decade, outpacing wage growth.
•Internet costs have decreased slightly in recent years due to increased competition and infrastructure improvements.
•Mobile plan costs have remained relatively stable, but data usage has increased, impacting overall costs.

For Investors

Actionable takeaways

•Expats should budget at least $150 monthly for utilities and connectivity, beyond housing costs.
•Remote workers will find Ghana cost-effective if they earn in a stronger currency, despite high local utility costs.
•Investors can capitalize on the demand for affordable housing with reliable internet for digital nomads.
•Consider investing in digital infrastructure to cater to the growing number of remote workers and expats.

Market Context

Compared to neighboring West African countries, Ghana offers a moderately competitive cost of living for expats, especially those earning in foreign currencies. However, the local salary-to-cost ratio highlights potential strain for local earners, which can affect long-term sustainability without wage increases.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.