Cost of living comparison

compared to

Panama vs. Ghana Cost of Living Summary

Panama is 2.3 times more expensive than Ghana overall.

Restaurants: pay 2.8 times more in Panama
Groceries: pay 43.7% more in Panama
Transportation: pay 44.7% more in Panama
Housing: pay 2.3 times more in Panama
Childcare: pay 3.1 times more in Panama
Entertainment and Sports: pay 2.2 times more in Panama
Clothing: pay 2.6 times more in Panama

The cost of childcare, restaurants, clothing, housing, entertainment and sports, and transportation in Panama are more expensive than in Ghana. Notably, childcare, restaurants, and clothing are significantly more expensive in Panama.

Panama vs. Ghana Cost Breakdown

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

Display currency: USD

pay 2.8 times more for restaurants

	Ghana	Panama
Basic meal with drink at inexpensive restaurant	$3.70 GHS54.27	$8.45 PAB8.45	+128.5%
Fast food combo meal McDonalds, or similar	$5.51 GHS80.85	$7.90 PAB7.90	+43.4%
Bottle of Coca-Cola (11 fl. oz)	$0.59 GHS8.72	$1.54 PAB1.54	+159.2%
Bottle of water (11 fl. oz)	$0.25 GHS3.61	$1.17 PAB1.17	+374.7%
Average			+176.4%

Ghana vs. Panama - Cost of restaurants

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pay 43.7% more for groceries

	Ghana	Panama
Bread 1 loaf	$1.52 GHS22.33	$2.19 PAB2.19	+44.0%
Local cheese (8 oz)	$3.18 GHS46.63	$5.66 PAB5.66	+78.2%
Milk (1 gallon)	$8.96 GHS131.52	$6.43 PAB6.43	-28.3%
Eggs 1 dozen	$2.21 GHS32.37	$2.53 PAB2.53	+14.6%
Boneless chicken breast (1 lb)	$2.08 GHS30.52	$3.54 PAB3.54	+70.3%
Apples (1 lb)	$1.01 GHS14.84	$2.12 PAB2.12	+109.3%
Bananas (1 lb)	$0.48 GHS7.10	$0.61 PAB0.61	+26.6%
Oranges (1 lb)	$0.59 GHS8.72	$1.29 PAB1.29	+117.1%
Tomatoes (1 lb)	$1.04 GHS15.28	$1.16 PAB1.16	+11.1%
Potatoes (1 lb)	$0.98 GHS14.38	$0.98 PAB0.98	+0.3%
Onions (1 lb)	$0.73 GHS10.75	$1.01 PAB1.01	+37.5%
Average			+43.7%

Ghana vs. Panama - Cost of groceries

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pay 44.7% more for transportation

	Ghana	Panama
Gasoline (1 gallon)	$4.23 GHS62.11	$3.92 PAB3.92	-7.3%
Monthly public transit pass	$26.38 GHS387.19	$25.00 PAB25.00	-5.2%
New Volkswagen Golf 1.4 (standard edition)	$8,000.00 GHS117,411.41	$18,916.67 PAB18,916.67	+136.5%
Taxi trip in downtown area (5 miles)	$10.74 GHS157.60	$16.61 PAB16.61	+54.7%
Average			+44.7%

Ghana vs. Panama - Cost of transportation

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pay 2.3 times more for housing

	Ghana	Panama
Internet connection 50 mbps or faster, cable/dsl	$43.21 GHS634.18	$47.61 PAB47.61	+10.2%
1-Bedroom apartment in downtown area	$627.15 GHS9,204.28	$747.76 PAB747.76	+19.2%
1-Bedroom apartment outside city center	$112.15 GHS1,646.00	$567.84 PAB567.84	+406.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$35.41 GHS519.73	$69.20 PAB69.20	+95.4%
Average			+132.8%

Ghana vs. Panama - Cost of housing

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pay 3.1 times more for childcare

	Ghana	Panama
Private preschool for 1 child, monthly	$57.02 GHS836.78	$302.08 PAB302.08	+429.8%
Middle school for 1 child, two semesters	$6,571.37 GHS96,444.18	$6,548.17 PAB6,548.17	-0.4%
Average			+214.7%

Ghana vs. Panama - Cost of childcare

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pay 2.2 times more for entertainment and sports

	Ghana	Panama
Domestic/local beer (1 pint)	$0.95 GHS13.91	$1.95 PAB1.95	+105.8%
Cappuccino in mid-range area	$1.69 GHS24.74	$3.39 PAB3.39	+100.9%
Pack of cigarettes Marlboro or similar	$1.20 GHS17.56	$5.38 PAB5.38	+349.2%
Monthly membership at local gym	$32.36 GHS474.87	$57.20 PAB57.20	+76.8%
Movie ticket to theater/cinema	$9.33 GHS136.95	$5.33 PAB5.33	-42.8%
Average			+118.0%

Ghana vs. Panama - Cost of entertainment and sports

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pay 2.6 times more for clothing

	Ghana	Panama
Regular jeans Levi's brand	$14.87 GHS218.31	$47.41 PAB47.41	+218.8%
Regular dress from H&M or similar store	$20.10 GHS295.02	$34.81 PAB34.81	+73.2%
Running shoes Nike or Adidas	$32.71 GHS480.03	$81.21 PAB81.21	+148.3%
Men's business shoes (leather)	$34.57 GHS507.30	$100.42 PAB100.42	+190.5%
Average			+157.7%

Ghana vs. Panama - 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: January 2025

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