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TOOL · GROSS COST

How much would a basic income cost in Ghana?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Adult population 21,563,812child population 12,224,102year 2023World Bank WDI

GROSS ANNUAL COST

265,688 million

in GHSGHS 265,688,284,800

Equal to 29.9% of reference GDP

Population covered: 33,787,914 people

Adults: 21,563,812 × GHS 800 × 12 = GHS 207,012,595,200

Children: 12,224,102 × GHS 400 × 12 = GHS 58,675,689,600

GHS 207,012,595,200 + GHS 58,675,689,600 = GHS 265,688,284,800

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $80,547,146,876 · World Bank WDI

Currency GHS · exchange rate 11.0204 GHS/USD (2023)

Converted cost $24,108,751,397 for the GDP share.