The National Tripartite Committee (NTC) has increased the National Daily Minimum Wage to GH¢14.88 for 2023, which is 10 per cent increment on the 2022 figure of ¢13.53.
This is in addition to a Cost-of-Living Allowance (COLA) of 15 per cent over the 2023 National Daily Minimum Wage.
This was announced by Ignatius Baffour-Awuah, the Minister of Employment and Labour Relations, at the end of a three-day negotiations between the Government, led by the Minister himself and organized labour led by Dr Anthony Yaw Bash, General Secretary, Trades Union Congress (TUC), and employers led by Dan Acheampong, President, Ghana Employers’ Association (GEA) on the determination of the National Daily Minimum Wage for 2023 in Accra.
A communique issued at the end of the meeting said in line with Section 113(1) (a) of the Labour Act, 2003 (Act 651), the NTC concluded negotiations on the determination of the 2023 National Daily Minimum Wage.
It said in determining the 2023 National Daily Minimum Wage, 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 that an increase in the National Daily Minimum Wage of 10 per cent over the 2022 National Daily Minimum Wage, which translates into a new National Daily Minimum Wage of GH¢14.88 and a COLA of 15 per cent over the 2023 National Daily Minimum Wage.
Mr Baffour-Awuah said the effective date for the implementation of the 2023 National Daily Minimum Wage shall be 1st January, 2023.
He cautioned that any establishment, institution or organisation that flouts the 2023 National Daily Minimum Wage shall be sanctioned in accordance with the law.
Dr Baah said workers were facing difficult times because the condition that they had found themselves in was not what they were expecting and that ideally, they should have lower inflation so that their salaries would be protected.
He said in the last few months, they had situations where inflation was going up and that there was the need for both workers, employers and government to work together to get the nation out of this.
He said they were hoping that 2023 would be better for them.
Mr Acheampong said fixing the new National Daily Minimum Wage did not come easy.
“We are forever committed to this course, and we know that we are in all of this together, and working together we shall over come whatever challenge that lies ahead. And at the end of the day, Ghana will be the winner.”
Latest Stories
-
Sons shouldn’t be mothers’ emotional support system – Ethel Adjololo
6 mins -
Family threatens to take on Trinity Hospital over missing corpse
12 mins -
Kofi Kinaata unfazed by death prophecies
17 mins -
Jospong Group partners Komptech to train over 600 stakeholders on integrated solid waste management
24 mins -
Two East Africans charged in UK migrant deaths investigation
30 mins -
DR Congo legal warning to Apple is ‘first move’ – lawyer
39 mins -
Question Time: Did policing minister confuse Rwanda and Congo?
43 mins -
We need better sets for theatre productions – Omar Sherrif Captan
49 mins -
KPMG report on SML must be published and laid in Parliament – Isaac Adongo to Akufo-Addo
52 mins -
Rainstorm causes havoc in Anloga District
54 mins -
Akufo-Addo nominates new MCE for Krachi East Municipal Assembly
55 mins -
Sunyani Technical University refutes sex-for-grades claim, describes allegation as baseless
1 hour -
I’ll win TGMA Artiste of the Year at the right time – Kofi Kinaata
2 hours -
Meet Fred Amugi’s 100-year-old mother
2 hours -
Nkomor Ghana pilots Medicine Delivery Service at the Ghana Autism Conference
2 hours