Cost of living comparison
Ghana is 48.7% cheaper than Panama.
If you lived in Ghana instead of Panama, you would:
pay 56.8% less for restaurants
Panama
|
Ghana
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$7.70
PAB7.70
|
$3.39
GHS45.46
|
|
Fast food combo meal
McDonalds, or similar
|
$7.45
PAB7.45
|
$5.85
GHS78.53
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$0.51
GHS6.87
|
|
Bottle of water (11 fl. oz) |
$1.16
PAB1.16
|
$0.20
GHS2.63
|
|
pay 27.2% less for groceries
Panama
|
Ghana
|
||
---|---|---|---|
Bread
1 loaf
|
$1.94
PAB1.94
|
$1.07
GHS14.42
|
|
Local cheese (8 oz) |
$5.35
PAB5.35
|
$3.60
GHS48.28
|
|
Milk (1 gallon) |
$6.06
PAB6.06
|
$6.56
GHS88.00
|
|
Eggs
1 dozen
|
$2.20
PAB2.20
|
$1.39
GHS18.60
|
|
Boneless chicken breast (1 lb) |
$2.67
PAB2.67
|
$1.51
GHS20.32
|
|
Apples (1 lb) |
$1.75
PAB1.75
|
$0.91
GHS12.19
|
|
Bananas (1 lb) |
$0.55
PAB0.55
|
$0.59
GHS7.94
|
|
Oranges (1 lb) |
$1.06
PAB1.06
|
$0.63
GHS8.52
|
|
Tomatoes (1 lb) |
$1.23
PAB1.23
|
$0.79
GHS10.56
|
|
Potatoes (1 lb) |
$0.89
PAB0.89
|
$0.83
GHS11.16
|
|
Onions (1 lb) |
$0.96
PAB0.96
|
$0.71
GHS9.52
|
|
pay 49.1% less for transportation
Panama
|
Ghana
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.07
PAB4.07
|
$3.48
GHS46.74
|
|
Monthly public transit pass |
$27.50
PAB27.50
|
$13.79
GHS185.04
|
|
New Volkswagen Golf 1.4 (standard edition) |
$20,583.33
PAB20,583.33
|
$5,681.67
GHS76,254.37
|
|
Taxi trip in downtown area (5 miles) |
$15.79
PAB15.79
|
$6.37
GHS85.55
|
|
pay 42.9% less for housing
Panama
|
Ghana
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$49.92
PAB49.92
|
$44.96
GHS603.42
|
|
1-Bedroom apartment in downtown area |
$696.35
PAB696.35
|
$532.41
GHS7,145.56
|
|
1-Bedroom apartment outside city center |
$440.76
PAB440.76
|
$81.19
GHS1,089.62
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$62.88
PAB62.88
|
$27.28
GHS366.10
|
|
pay 42.3% less for childcare
Panama
|
Ghana
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$228.54
PAB228.54
|
$57.14
GHS766.91
|
|
Middle school for 1 child, two semesters |
$6,185.93
PAB6,185.93
|
$5,592.22
GHS75,053.88
|
|
pay 49.9% less for entertainment and sports
Panama
|
Ghana
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$1.75
PAB1.75
|
$0.69
GHS9.30
|
|
Cappuccino in mid-range area |
$3.22
PAB3.22
|
$1.14
GHS15.35
|
|
Pack of cigarettes
Marlboro or similar
|
$5.43
PAB5.43
|
$1.20
GHS16.12
|
|
Monthly membership at local gym |
$45.25
PAB45.25
|
$30.68
GHS411.75
|
|
Movie ticket to theater/cinema |
$4.88
PAB4.88
|
$4.16
GHS55.80
|
|
pay 72.5% less for clothing
Panama
|
Ghana
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$48.38
PAB48.38
|
$10.55
GHS141.62
|
|
Regular dress
from H&M or similar store
|
$38.88
PAB38.88
|
$9.90
GHS132.90
|
|
Running shoes
Nike or Adidas
|
$82.05
PAB82.05
|
$27.96
GHS375.28
|
|
Men's business shoes (leather) |
$94.12
PAB94.12
|
$27.10
GHS363.71
|
|
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