Internal migration has assumed significance in the policy discourse as a livelihood strategy adopted by
households and individuals in developing countries. Migration whether within a country or across borders
entails both costs and benefits. For migrants to make any significant strides in securing improvement in
wellbeing, benefits accruing from migration should exceed the costs involved (in real terms). This paper sought
to provide assessment of the costs and benefits pertaining to internal migration from northern to southern Ghana.
The study employed data collected through questionnaire-survey and the data was analysed using cost-benefit
formula. The findings indicate that in real terms benefits outweigh the costs of migration. This means that there
is economic justification for people to undertake out-migration. The paper therefore, concludes that internal
migration is beneficial to those who embark on it as a livelihood strategy.