This papers investigates to what extent internal migration contributes to improving households' welfare in Ghana. Using the most recent and nationally representative household survey (Ghana Living Standards Survey 2012/13), the estimates indicate that on average migration increases consumption significantly, and the effect is driven by households migrating from inland regions to the coastal areas of the country. The analysis also finds heterogeneous effects by gender and educational attainment, with migrant households headed by males and highly educated individuals faring significantly better than migrant households headed by females and low-educated individuals. The paper shows convincing evidence that the positive impact of migration on consumption is attributable to a physical mobility effect rather than changes in labor force status or sector of economic activity. However, the migration process in Ghana has important downsides, such as the brain drain and disruption of the social fabric in the communities originating migration. Future research in this area is warranted to have a more comprehensive picture of the social impact of migration in Ghana.