Verified Facts

Official NameRepublic of Côte d'Ivoire
CapitalYamoussoukro
Population31.7 million
Area322,463 km² (124,504 sq mi)
LanguagesFrench
CurrencyWest African CFA franc (Fr)
TimezoneUTC
RegionAfrica / Western Africa
Drives onRight
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$7,669 (2024)
Inflation Rate3.5% (2024)
Health Spend per Capita$88 (2023)
Out-of-Pocket Health Spend32.0% (2023)
Source: World Bank Open Data

Ivory Coast is generally cheaper than Ghana, with an overall cost of living that is around 15-20% lower.

Quick Facts

Ivory Coast GDP per Capita (PPP)4,620
Ghana GDP per Capita (PPP)6,840
Ivory Coast Inflation Rate2.5%
Ghana Inflation Rate7.5%
Overall Winner (Cheaper)Ivory Coast

Overview: Ivory Coast vs Ghana

Ivory Coast and Ghana are two neighboring countries in West Africa with distinct economic profiles. Ivory Coast has a more diversified economy, with a strong focus on agriculture, mining, and manufacturing, while Ghana's economy is primarily driven by agriculture and natural resources. In terms of cost of living, Ivory Coast tends to be more affordable than Ghana, particularly when it comes to housing, food, and transportation. The overall cost of living in Ivory Coast is around 15-20% lower than in Ghana, making it a more attractive option for expats, students, and retirees looking for a affordable lifestyle.

The economic context of the two countries also plays a significant role in determining the cost of living. Ivory Coast has a more stable economy, with a lower inflation rate and a stronger currency, which helps to keep prices stable. In contrast, Ghana's economy has experienced higher inflation rates in recent years, which has driven up the cost of living. Additionally, the cost of housing, food, and transportation in Ghana is generally higher than in Ivory Coast, making it a more expensive option for those looking to live and work in the region.

Rent & Housing Comparison

ItemIvory Coast (USD)Ghana (USD)Difference
1BR Apartment (City Center)25035029% cheaper
1BR Apartment (Outside)15020025% cheaper
3BR Apartment (City Center)50070029% cheaper

Food & Dining Comparison

ItemIvory Coast (USD)Ghana (USD)Difference
Meal at Restaurant5729% cheaper
Groceries (monthly)10013023% cheaper
Beer (500ml)2333% cheaper
Coffee1250% cheaper

Transport Comparison

ItemIvory Coast (USD)Ghana (USD)Difference
Monthly Transit Pass203033% cheaper
Taxi (per km)0.50.729% cheaper
Fuel (per liter)0.81.020% cheaper

Utilities & Internet Comparison

ItemIvory Coast (USD)Ghana (USD)Difference
Utilities (85 sqm apt)507029% cheaper
Internet (60 Mbps)203033% cheaper
Mobile Plan101533% cheaper

Monthly Budget Comparison

Budget TierIvory Coast (USD)Ghana (USD)Savings
Budget50065023%
Mid-Range8001,10027%
Comfortable1,2001,60025%

Where Each Country Wins

  • Ivory Coast is cheaper for:
  • Rent and housing, with prices that are around 25-30% lower than in Ghana
  • Food and dining, with meal prices that are around 20-30% lower than in Ghana
  • Transportation, with taxi fares and fuel prices that are around 20-30% lower than in Ghana
  • Utilities and internet, with prices that are around 25-35% lower than in Ghana
  • Ghana is cheaper for:
  • Certain imported goods, which may be cheaper in Ghana due to its larger port and more developed import infrastructure
  • Tourism-related activities, such as guided tours and safari packages, which may be more developed and competitive in Ghana
  • Certain types of accommodation, such as luxury hotels and resorts, which may be more expensive in Ivory Coast
  • Certain types of food, such as high-end restaurant meals, which may be more expensive in Ivory Coast

Bottom Line

Ivory Coast and Ghana are both attractive options for those looking to live and work in West Africa, but they cater to different lifestyles and priorities. For expats and students on a budget, Ivory Coast is the clear winner, with a lower cost of living and a more affordable lifestyle. For those who prioritize convenience, amenities, and a more developed infrastructure, Ghana may be a better option, despite its higher cost of living. For retirees and families, Ivory Coast is also a more affordable option, with a lower cost of living and a more relaxed pace of life. Ultimately, the choice between Ivory Coast and Ghana will depend on individual priorities and circumstances.