Cost of living comparison
Ghana is 38.2% cheaper than Panama.
If you lived in Ghana instead of Panama, you would:
pay 56.7% less for restaurants
|
Panama
|
Ghana
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.45
PAB8.45
|
$3.70
GHS54.14
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.90
PAB7.90
|
$5.51
GHS80.66
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.54
PAB1.54
|
$0.59
GHS8.70
|
|
| Bottle of water (11 fl. oz) |
$1.17
PAB1.17
|
$0.25
GHS3.60
|
|
pay 23.1% less for groceries
|
Panama
|
Ghana
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.19
PAB2.19
|
$1.52
GHS22.28
|
|
| Local cheese (8 oz) |
$5.66
PAB5.66
|
$3.18
GHS46.52
|
|
| Milk (1 gallon) |
$6.43
PAB6.43
|
$8.96
GHS131.21
|
|
|
Eggs
1 dozen
|
$2.53
PAB2.53
|
$2.21
GHS32.29
|
|
| Boneless chicken breast (1 lb) |
$3.54
PAB3.54
|
$2.08
GHS30.45
|
|
| Apples (1 lb) |
$2.12
PAB2.12
|
$1.01
GHS14.81
|
|
| Bananas (1 lb) |
$0.61
PAB0.61
|
$0.48
GHS7.08
|
|
| Oranges (1 lb) |
$1.29
PAB1.29
|
$0.59
GHS8.70
|
|
| Tomatoes (1 lb) |
$1.16
PAB1.16
|
$1.04
GHS15.24
|
|
| Potatoes (1 lb) |
$0.98
PAB0.98
|
$0.98
GHS14.34
|
|
| Onions (1 lb) |
$1.01
PAB1.01
|
$0.73
GHS10.73
|
|
pay 19.9% less for transportation
|
Panama
|
Ghana
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.92
PAB3.92
|
$4.23
GHS61.96
|
|
| Monthly public transit pass |
$25.00
PAB25.00
|
$26.38
GHS386.26
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,916.67
PAB18,916.67
|
$8,000.00
GHS117,130.40
|
|
| Taxi trip in downtown area (5 miles) |
$16.61
PAB16.61
|
$10.74
GHS157.22
|
|
pay 38.6% less for housing
|
Panama
|
Ghana
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$47.61
PAB47.61
|
$43.21
GHS632.66
|
|
| 1-Bedroom apartment in downtown area |
$747.76
PAB747.76
|
$627.15
GHS9,182.25
|
|
| 1-Bedroom apartment outside city center |
$567.84
PAB567.84
|
$112.15
GHS1,642.06
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$69.20
PAB69.20
|
$35.41
GHS518.49
|
|
pay 40.3% less for childcare
|
Panama
|
Ghana
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$302.08
PAB302.08
|
$57.02
GHS834.78
|
|
| Middle school for 1 child, two semesters |
$6,548.17
PAB6,548.17
|
$6,571.37
GHS96,213.35
|
|
pay 29.5% less for entertainment and sports
|
Panama
|
Ghana
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.95
PAB1.95
|
$0.95
GHS13.87
|
|
| Cappuccino in mid-range area |
$3.39
PAB3.39
|
$1.69
GHS24.68
|
|
|
Pack of cigarettes
Marlboro or similar
|
$5.38
PAB5.38
|
$1.20
GHS17.52
|
|
| Monthly membership at local gym |
$57.20
PAB57.20
|
$32.36
GHS473.74
|
|
| Movie ticket to theater/cinema |
$5.33
PAB5.33
|
$9.33
GHS136.62
|
|
pay 59.0% less for clothing
|
Panama
|
Ghana
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$47.41
PAB47.41
|
$14.87
GHS217.79
|
|
|
Regular dress
from H&M or similar store
|
$34.81
PAB34.81
|
$20.10
GHS294.32
|
|
|
Running shoes
Nike or Adidas
|
$81.21
PAB81.21
|
$32.71
GHS478.88
|
|
| Men's business shoes (leather) |
$100.42
PAB100.42
|
$34.57
GHS506.09
|
|
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