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Govt increases daily minimum wage to GH¢14.88

Govt increases daily minimum wage to GH¢14.88
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COMMUNIQUÉ BY THE NATIONAL TRIPARTITE COMMITTEE (NTC) ON THE 2023  NATIONAL DAILY MINIMUM WAGE.

The national tripartite committee had completed its negotiations, the Minister stated, and “we think now is the appropriate time to convey to Ghanaians on the conclusion of the negotiations,” during a press conference on November 16 in Accra.

He claimed that the committee considered the existing economic difficulties, the cost of living, the viability of businesses, and the merits of achieving higher levels of employment. The Statement reads as follows:

“In line with Section 113 (1) (a) of the Labour Act, 2003 (Act 651), the National Tripartite Committee (NTC) concluded negotiations on the determination of the 2023 National Daily

Minimum Wage (NDMW) at its meeting held on Wednesday, 16th November, 2022 in Accra. 

In determining the 2023 NDMW, the NTC took into account the Current economic challenges, cost of living, sustainability of businesses and desirability of attaining higher level of employment, as well as the need for rapid restoration of macroeconomic stability.

The Committee concluded as follows:

  1. An increase in the NDMW by 10% over the 2022 NDMW which translates into a new NDMW of GHS14.88; and
  2. A Cost-of-Living Allowance (COLA) Of 15% over the 2023 NDMW.

The effective date for the implementation of the 2023 NDMW shall be 1st January 2023.

All establishments, institutions or organizations whose daily minimum wages are below the new rates should adjust accordingly effective 1st January, 2023.

Any establishment, institution or organization that flouts the 2023 NDMW shall be sanctioned in accordance with the law”.

More Details Here:

Govt increases daily minimum wage to GH¢14.88

 

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Read also: Minimum wage now GH¢14.88; Gov’t workers to get 15% COLA

 

Tags : 2023 National Daily Minimum Wage in Ghana
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