Cost of living comparison

compared to

Ghana vs. Panama Cost of Living Summary

Ghana is 36.2% cheaper than Panama overall.

Restaurants: pay 37.0% less in Ghana
Groceries: pay 14.0% less in Ghana
Transportation: pay 20.0% less in Ghana
Housing: pay 48.0% less in Ghana
Childcare: pay 58.0% less in Ghana
Entertainment and Sports: pay 20.6% less in Ghana
Clothing: pay 55.5% less in Ghana

Expenses including childcare, clothing, housing, restaurants, entertainment and sports, and transportation are lower in Ghana.

Ghana vs. Panama Cost Breakdown

If you lived in Ghana instead of Panama, you would:

Display currency: USD

pay 37.0% less for restaurants

	Panama	Ghana
Basic meal with drink at inexpensive restaurant	$8.35 PAB8.35	$5.31 GHS59.97	-36.4%
Fast food combo meal McDonalds, or similar	$7.75 PAB7.75	$7.95 GHS89.77	+2.5%
Bottle of Coca-Cola (11 fl. oz)	$1.37 PAB1.37	$0.84 GHS9.52	-38.6%
Bottle of water (11 fl. oz)	$1.21 PAB1.21	$0.30 GHS3.36	-75.4%
Average			-37.0%

Panama vs. Ghana - Cost of restaurants

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pay 14.0% less for groceries

	Panama	Ghana
Bread 1 loaf	$2.21 PAB2.21	$1.65 GHS18.59	-25.6%
Local cheese (8 oz)	$6.02 PAB6.02	$3.77 GHS42.58	-37.4%
Milk (1 gallon)	$6.86 PAB6.86	$10.50 GHS118.63	+53.1%
Eggs 1 dozen	$2.47 PAB2.47	$2.31 GHS26.09	-6.5%
Boneless chicken breast (1 lb)	$3.58 PAB3.58	$1.96 GHS22.11	-45.3%
Apples (1 lb)	$2.13 PAB2.13	$1.12 GHS12.63	-47.6%
Bananas (1 lb)	$0.60 PAB0.60	$0.68 GHS7.63	+12.8%
Oranges (1 lb)	$1.40 PAB1.40	$0.68 GHS7.65	-51.8%
Tomatoes (1 lb)	$1.51 PAB1.51	$1.20 GHS13.57	-20.2%
Potatoes (1 lb)	$0.96 PAB0.96	$1.13 GHS12.81	+18.3%
Onions (1 lb)	$0.99 PAB0.99	$0.95 GHS10.74	-4.1%
Average			-14.0%

Panama vs. Ghana - Cost of groceries

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pay 20.0% less for transportation

	Panama	Ghana
Gasoline (1 gallon)	$3.87 PAB3.87	$4.21 GHS47.57	+8.9%
Monthly public transit pass	$23.75 PAB23.75	$31.37 GHS354.37	+32.1%
New Volkswagen Golf 1.4 (standard edition)	$23,416.67 PAB23,416.67	$8,000.00 GHS90,384.10	-65.8%
Taxi trip in downtown area (5 miles)	$20.20 PAB20.20	$9.04 GHS102.17	-55.2%
Average			-20.0%

Panama vs. Ghana - Cost of transportation

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pay 48.0% less for housing

	Panama	Ghana
Internet connection 50 mbps or faster, cable/dsl	$48.39 PAB48.39	$49.58 GHS560.14	+2.5%
1-Bedroom apartment in downtown area	$765.94 PAB765.94	$320.05 GHS3,615.88	-58.2%
1-Bedroom apartment outside city center	$630.77 PAB630.77	$117.55 GHS1,328.09	-81.4%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$89.09 PAB89.09	$40.36 GHS455.98	-54.7%
Average			-48.0%

Panama vs. Ghana - Cost of housing

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pay 58.0% less for childcare

	Panama	Ghana
Private preschool for 1 child, monthly	$363.00 PAB363.00	$108.94 GHS1,230.77	-70.0%
Middle school for 1 child, two semesters	$9,411.11 PAB9,411.11	$5,083.57 GHS57,434.22	-46.0%
Average			-58.0%

Panama vs. Ghana - Cost of childcare

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pay 20.6% less for entertainment and sports

	Panama	Ghana
Domestic/local beer (1 pint)	$1.95 PAB1.95	$1.48 GHS16.74	-24.0%
Cappuccino in mid-range area	$3.54 PAB3.54	$2.66 GHS30.10	-24.7%
Pack of cigarettes Marlboro or similar	$5.48 PAB5.48	$1.40 GHS15.82	-74.4%
Monthly membership at local gym	$51.47 PAB51.47	$30.05 GHS339.47	-41.6%
Movie ticket to theater/cinema	$5.97 PAB5.97	$9.66 GHS109.10	+61.8%
Average			-20.6%

Panama vs. Ghana - Cost of entertainment and sports

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pay 55.5% less for clothing

	Panama	Ghana
Regular jeans Levi's brand	$43.33 PAB43.33	$16.64 GHS188.04	-61.6%
Regular dress from H&M or similar store	$34.17 PAB34.17	$19.33 GHS218.34	-43.4%
Running shoes Nike or Adidas	$80.40 PAB80.40	$33.23 GHS375.44	-58.7%
Men's business shoes (leather)	$106.46 PAB106.46	$44.14 GHS498.65	-58.5%
Average			-55.5%

Panama vs. Ghana - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2025

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