Cost of living comparison

Ghana

compared to

Panama

Panama City vs. Accra Cost of Living Summary

Panama City is 52.0% more expensive than Accra.

Restaurants: pay 25.0% more in Panama City
Groceries: pay 18.6% more in Panama City
Transportation: pay 15.1% more in Panama City
Housing: pay 2.2 times more in Panama City
Childcare: pay 22.0% less in Panama City
Entertainment and Sports: pay 1.8% less in Panama City
Clothing: pay 2.9 times more in Panama City

The cost of clothing, housing, restaurants, groceries, and transportation in Panama City are more expensive than in Accra. Expenses including childcare and entertainment and sports are lower in Panama City. Notably, clothing and housing are significantly more expensive in Panama City.

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Panama City vs. Accra Cost Breakdown

If you lived in Panama City instead of Accra, you would:

Display currency: USD

pay 25.0% more for restaurants

	Accra	Panama City
Basic meal with drink at inexpensive restaurant	$7.98 GHS93.33	$11.50 PAB11.50	+44.1%
Fast food combo meal McDonalds, or similar	$10.34 GHS120.88	$8.00 PAB8.00	-22.6%
Bottle of Coca-Cola (11 fl. oz)	$1.56 GHS18.22	$1.97 PAB1.97	+26.6%
Bottle of water (11 fl. oz)	$0.46 GHS5.37	$1.60 PAB1.60	+248.5%
Average			+25.0%

Accra vs. Panama City - Cost of restaurants

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pay 18.6% more for groceries

	Accra	Panama City
Bread 1 loaf	$1.63 GHS19.03	$2.52 PAB2.52	+54.6%
Local cheese (8 oz)	$5.91 GHS69.08	$6.18 PAB6.18	+4.7%
Milk (1 gallon)	$13.71 GHS160.33	$7.09 PAB7.09	-48.3%
Eggs 1 dozen	$2.62 GHS30.70	$2.75 PAB2.75	+4.7%
Boneless chicken breast (1 lb)	$3.26 GHS38.13	$3.07 PAB3.07	-5.9%
Apples (1 lb)	$1.66 GHS19.36	$1.87 PAB1.87	+13.0%
Bananas (1 lb)	$0.64 GHS7.51	$0.82 PAB0.82	+28.3%
Oranges (1 lb)	$0.81 GHS9.50	$1.92 PAB1.92	+136.2%
Tomatoes (1 lb)	$1.62 GHS18.97	$1.86 PAB1.86	+14.4%
Potatoes (1 lb)	$1.23 GHS14.34	$1.55 PAB1.55	+26.1%
Onions (1 lb)	$1.22 GHS14.24	$1.96 PAB1.96	+60.8%
Average			+18.6%

Accra vs. Panama City - Cost of groceries

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pay 15.1% more for transportation

	Accra	Panama City
Gasoline (1 gallon)	$4.98 GHS58.28	$4.62 PAB4.62	-7.3%
Monthly public transit pass	$40.19 GHS469.97	$21.00 PAB21.00	-47.7%
New Volkswagen Golf 1.4 (standard edition)	$8,000.00 GHS93,560.46	$21,262.00 PAB21,262.00	+165.8%
Taxi trip in downtown area (5 miles)	$11.84 GHS138.52	$16.98 PAB16.98	+43.4%
Average			+15.1%

Accra vs. Panama City - Cost of transportation

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pay 2.2 times more for housing

	Accra	Panama City
Internet connection 50 mbps or faster, cable/dsl	$42.44 GHS496.28	$48.70 PAB48.70	+14.8%
1-Bedroom apartment in downtown area	$677.62 GHS7,924.86	$1,262.50 PAB1,262.50	+86.3%
1-Bedroom apartment outside city center	$277.40 GHS3,244.17	$874.18 PAB874.18	+215.1%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$56.06 GHS655.60	$100.29 PAB100.29	+78.9%
Average			+123.0%

Accra vs. Panama City - Cost of housing

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pay 22.0% less for childcare

	Accra	Panama City
Private preschool for 1 child, monthly	$462.41 GHS5,407.96	$543.33 PAB543.33	+17.5%
Middle school for 1 child, two semesters	$18,630.20 GHS218K	$9,641.50 PAB9,641.50	-48.2%
Average			-22.0%

Accra vs. Panama City - Cost of childcare

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pay 1.8% less for entertainment and sports

	Accra	Panama City
Domestic/local beer (1 pint)	$1.85 GHS21.59	$3.30 PAB3.30	+78.8%
Cappuccino in mid-range area	$4.40 GHS51.49	$4.11 PAB4.11	-6.7%
Pack of cigarettes Marlboro or similar	$2.54 GHS29.68	$6.00 PAB6.00	+136.4%
Monthly membership at local gym	$71.09 GHS831.35	$46.40 PAB46.40	-34.7%
Movie ticket to theater/cinema	$12.69 GHS148.41	$8.50 PAB8.50	-33.0%
Average			-1.8%

Accra vs. Panama City - Cost of entertainment and sports

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pay 2.9 times more for clothing

	Accra	Panama City
Regular jeans Levi's brand	$14.19 GHS165.96	$66.67 PAB66.67	+369.8%
Regular dress from H&M or similar store	$18.41 GHS215.27	$48.43 PAB48.43	+163.1%
Running shoes Nike or Adidas	$36.21 GHS423.52	$94.62 PAB94.62	+161.3%
Men's business shoes (leather)	$52.46 GHS613.49	$111.67 PAB111.67	+112.9%
Average			+188.0%

Accra vs. Panama City - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated October 2026). How we calculate this

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