Audio By Carbonatix
Government, Employers and Organized Labour are likely to settle on a new daily minimum wage today.
The Tripartite committee has been meeting over the past months to settle on new minimum wage before May, 01.
JOYBUSINESS has learnt that Organized Labour is proposing a 15.2 percent increase which will translate into 5 Ghana cedis 16 pesewas. Government however, is considering offering a bit lower than this.
Employers on the other hand are looking at an increment which is not more than the projected inflation rate of 9 percent for this year.
The committee would also agree on a new income tax free threshold, which means that those who earn below a certain amount in a year would be exempted from taxes.
The National Daily Minimum wage is expected to serve as a guide for salary adjustments in the public and private sectors if it is increased upwards.
The minimum wage also serves as a benchmark below which no worker in the country is expected to be paid.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Gov’t invests GH¢443m in Free Primary Health Care – Dr Asare Bampoe
26 minutes -
ECG announces power outages in parts of Accra West and Central regions
44 minutes -
Otumfuo calls for urgent action to end maternal deaths in Ghana
47 minutes -
Prioritise Bawumia’s interest and vote on merit – NPP elder urges delegates Â
48 minutes -
Jason Arday death ‘tragedy on so many levels’ says PM
2 hours -
Rotary Club donates phototherapy machine to Ussher Hospital
2 hours -
Analysis: Jason Arday’s death will send shockwaves through a divided academia
2 hours -
CJ’s vacation warrants not limited to politically sensitive cases – Victoria Bright
3 hours -
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
3 hours -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
4 hours -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
4 hours -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
4 hours -
The rise and rise of Azigi
4 hours -
Is Angela List being targeted? Government must reconsider the Adamus revocation
4 hours -
Bezos-backed consortium buys a third of Liverpool
4 hours