In order to discuss the occurrence of a periodic condensate in the Euclidean 3-dimensional ghost O(1) model, a modified version of the effective average action (EAA) renormalization group (RG) method is developed, called by us Fourier-Wetterich RG approach. It is proposed to start with an ansatz for the EAA, that contains terms, in addition to the usual ones, induced by the various Fourier-modes of the periodic condensate and to expand the EAA in functional Taylor-series around the periodic background. The RG flow equations are derived in the next-to-next-to-leading order of the gradient expansion (GE). No field-dependence of the derivative couplings have been taken into account and Z2 symmetry of the EAA is preserved. Preliminary numerical results have been obtained under various additional simplifying assumptions. The characteristics of the Wilson-Fisher fixed point and the phase structure of the model have been determined numerically in the local potential approximation and in the next-to-leading order of the GE, when the periodic condensate has been modelled by a single cosine mode in one spatial direction. From the preliminary results important information is gained on further possibilities to improve the proposed RG scheme.