Sunday, May 30, 2010

Ghana, Accra Cost of Living April 2010

Country Full Name: Republic of Ghana.

Location: Ghana is in Western Africa, bordering the Gulf of Guinea, between Cote d'Ivoire and Togo.

Country Climate: Tropical; warm and comparatively dry along southeast coast; hot and humid in southwest; hot and dry in north.

Country Terrain: Mostly low plains with dissected plateau in south-central area.

Major Languages: English, African languages including Akan, Ewe.

Major Religions: Christianity, indigenous beliefs, Islam.

Country Population: 22.5 million (2008 est.) 23.1 million (2009 est.).

Country Economy: The economy of Ghana, West Africa has a diverse and rich resource base, and as such, has one of the highest GDP per capita in Africa. Ghana remains somewhat dependent on international financial and technical assistance as well as the activities of the extensive Ghanaian diaspora. Gold, timber, cocoa, diamond, bauxite, and manganese exports are major sources of foreign exchange.

Currency: Ghanaian New Cedi (GHS).

Country Inflation: 16.5% (2008 est.) 18.5% (2009 est.).

City: Accra is the capital and most populous city of Ghana.

City Economy: Accra is the administrative, communications, and economic centre of the country. Over 70% of Ghana's manufacturing capacity is located within the Accra region.
Cost of Living: Accra has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Accra is currently ranked 180 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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