Seeking Greener Pastures: Why Ghana is better than America

By: Joseph Nii Ankrah
Massachusetts, The Berkshires

In recent years, there has been a significant increase in the number of Ghanaians leaving their homeland in search of better opportunities in the United States of America. This trend raises questions about the perception of America as a land of endless possibilities, despite the fact that Ghana itself offers numerous advantages for its citizens. A land of vibrant culture, rich history, and abundant natural resources, Ghana has long been known as the shining star of West Africa. Yet, the disheartening trend has emerged as many Ghanaians are driven by the allure of greener pastures and the “American Dream Perception”.

Undoubtedly, Ghana, despite being one of the more stable and prosperous countries in West Africa, faces numerous economic challenges. The nation’s economy, heavily reliant on commodities like gold and cocoa, is susceptible to global market fluctuations. Economic growth has been uneven, and high inflation rates continue to erode purchasing power. Moreover, the job market is unable to absorb the growing number of graduates, leading to high unemployment and underemployment rates.

These economic conditions create a scenario where many Ghanaians, particularly the youth, see limited opportunities for personal and professional advancement within their homeland. The allure of higher wages, better working conditions, and the promise of a more prosperous life make the idea of relocating to the United States highly attractive.

Also the perception that America offers universally better opportunities is not always accurate. Many Ghanaians who migrate find that the challenges of adapting to a new country, the high cost of living, and the absence of a familiar support network can outweigh the benefits. Moreover, the remittances sent back home, while crucial, come at the cost of personal sacrifices and often underappreciated contributions to the local economy.

Ghana vs. America: A Comparative Analysis of Cost of Living and Financial Stability

When comparing two countries as diverse and complex as Ghana and the United States, it’s essential to consider multiple factors that influence the quality of life, including economic stability, cost of living, social services, and cultural richness. In recent years, the rising cost of living in the United States has prompted many to re-evaluate the financial stability and overall lifestyle offered by different countries. Ghana, an emerging economy in West Africa, presents an intriguing case study for such a comparison. This article explores why Ghana may offer a more sustainable and potentially rewarding living environment compared to America, particularly focusing on financial stability and the cost of living.

Rising Cost of Living in America

The United States, often seen as the land of opportunity, has been grappling with an escalating cost of living. This surge is impacting millions of Americans who find themselves struggling to make ends meet. Several factors contribute to this financial strain:

1. Housing Costs: The price of housing has skyrocketed in many parts of the United States. According to the National Association of Realtors, the median price for existing homes hit a record high in 2022. This increase far outpaces wage growth, making homeownership an increasingly unattainable goal for many Americans.
2. Healthcare Expenses: The United States has one of the highest healthcare costs in the world. Even with insurance, many Americans face high deductibles and out-of-pocket expenses. The Commonwealth Fund reported that in 2022, 43% of working-age adults were underinsured, a significant rise from previous years.
3. Education Costs: Student debt has become a significant financial burden for many young Americans. The Federal Reserve estimates that Americans owe over $1.7 trillion in student loans. This debt can delay homeownership, retirement savings, and other financial milestones.
4. Inflation and Basic Goods: Inflation rates have also been a concern, with prices for essential goods and services such as food, transportation, and utilities rising. The Consumer Price Index (CPI) indicated a 7% increase in 2021, the highest since 1982. Financial Struggles: Living Paycheck to Paycheck

A significant portion of the American population lives paycheck to paycheck. A 2021 survey by LendingClub found that 63% of Americans fall into this category. This precarious financial situation leaves little room for savings or unexpected expenses, contributing to high levels of financial anxiety.

Credit Card Dependency

Credit card debt is another substantial issue. The average American carries a balance of over $6,000 in credit card debt. High-interest rates can trap individuals in a cycle of debt, making financial stability even more elusive.

Ghana: An Emerging Haven

In contrast, Ghana presents a different financial landscape. While not without its own challenges, Ghana offers several advantages that may appeal to those seeking a more affordable and potentially less stressful lifestyle.

Lower Cost of Living

One of the most compelling reasons to consider Ghana is its lower cost of living. Several aspects illustrate this:

1. Housing: Compared to the United States, housing in Ghana is significantly more affordable. Whether renting or buying, accommodation costs in cities like Accra or Kumasi are much lower. A decent apartment in Accra, for example, can cost around $200-$500 per month, compared to the exorbitant rents in major American cities.
2. Healthcare: Ghana’s healthcare system, while not as advanced as America’s, offers more affordable options. The National Health Insurance Scheme (NHIS) in Ghana provides basic healthcare services to residents at a fraction of the cost of American healthcare. Expats often opt for private healthcare, which is still more affordable than in the United States.
3. Food and Utilities: The cost of food, utilities, and other essentials is generally lower in Ghana. Locally produced goods, fresh fruits, and vegetables are available at reasonable prices, reducing the overall monthly expenditure.
4. Education: While international schools in Ghana can be expensive, local educational institutions provide affordable options. Additionally, the cost of higher education is significantly lower compared to the exorbitant tuition fees in the United States.

Economic Growth and Opportunities

Ghana is one of Africa’s fastest-growing economies. The country’s stable political environment, abundant natural resources, and proactive government policies have attracted significant foreign investment. Key sectors like oil and gas, mining, agriculture, and information technology are burgeoning, offering numerous opportunities for entrepreneurship and employment.

Cultural and Social Advantages

Beyond financial considerations, Ghana offers a rich cultural experience and a close-knit community lifestyle that can be profoundly rewarding:

1. Cultural Heritage: Ghana boasts a rich cultural heritage with diverse ethnic groups, languages, and traditions. Festivals, music, and arts are integral parts of Ghanaian life, offering a vibrant cultural experience.
2. Community and Family Values: Ghanaians place a strong emphasis on community and family. This social structure can provide a supportive and inclusive environment, fostering a sense of belonging and security.
3. Expat Community: Ghana has a growing expat community, particularly in cities like Accra. This international presence creates a melting pot of cultures and provides a supportive network for newcomers.

Potential Challenges

While Ghana offers many advantages, it is essential to consider potential challenges:

1. Infrastructure: Although improving, Ghana’s infrastructure still lags behind that of the United States. Power outages, water supply issues, and road conditions can be areas of concern.
2. Healthcare Quality: While more affordable, the quality of healthcare in Ghana may not match the standards of the United States, especially for complex medical needs.
3. Bureaucracy and Corruption: Navigating bureaucratic processes in Ghana can be cumbersome, and corruption remains a challenge, although the government is making efforts to address it.

Personal Finance and Investment

For those considering a move to Ghana, the financial benefits can extend beyond everyday expenses:

1. Investment Opportunities: Ghana offers various investment opportunities, particularly in real estate, agriculture, and the burgeoning tech sector. The Ghana Investment Promotion Centre (GIPC) provides resources and support for foreign investors.
2. Savings Potential: The lower cost of living allows for greater savings potential. Individuals and families can save a more significant portion of their income compared to the high costs in the United States.
3. Entrepreneurship: Ghana’s growing economy and supportive business environment make it an attractive destination for entrepreneurs. The government offers incentives for startups and small businesses, fostering innovation and growth.

Quality of Life

Ultimately, the decision to choose Ghana over the United States can significantly impact one’s quality of life:

1. Work-Life Balance: The pace of life in Ghana is generally more relaxed compared to the high-pressure environment in many American cities. This balance can lead to better mental and physical health.
2. Community Engagement: The strong sense of community and social interaction in Ghana can lead to a more fulfilling and connected life. Social gatherings, communal activities, and family events are central to Ghanaian culture.
3. Natural Beauty: Ghana offers stunning natural landscapes, from beautiful beaches to lush forests and national parks. These natural amenities provide ample opportunities for recreation and relaxation.

In comparing Ghana and the United States, it’s clear that each country offers unique advantages and challenges. For those primarily concerned with the rising cost of living, financial stability, and a desire for a supportive community environment, Ghana presents an attractive alternative. The lower cost of living, coupled with growing economic opportunities and a rich cultural heritage, can offer a rewarding and sustainable lifestyle.

While the United States boasts advanced infrastructure, higher quality healthcare, and numerous professional opportunities, the financial strain of high living costs, dependency on credit, and the pressure of living paycheck to paycheck can detract from the overall quality of life.

Choosing to relocate to Ghana requires careful consideration of personal and professional goals, health needs, and lifestyle preferences. However, for many, the financial benefits and enriched cultural experience make Ghana a compelling choice in the pursuit of a better quality of life.

The phenomenon of Ghanaians leaving their homeland for America in search of greener pastures reflects the desire for better opportunities and personal growth. However, it is essential to recognize that Ghana itself holds significant potential for economic development and prosperity. By harnessing its resources, investing in education and entrepreneurship, and creating an enabling environment, Ghana can retain its talented individuals and provide a promising future for its citizens. It is through collective efforts that Ghana can continue to thrive and offer its people a truly greener pasture within its own borders.

Disclaimer: This article does not seek to undermine the aspirations and choices of those who choose to migrate but rather aims to highlight the existing opportunities in Ghana.