The determination of a new National Daily Minimum Wage could influence discussions for fresh service conditions, particularly in the private sector.
These are the thoughts of some labour experts sampled by Joy Business, after the announcement of the 2021 Minimum wage, which takes effect today.
The National Tripartite Committee announced GH¢12.53 pesewas as the new National Minimum Daily Wage for this year, representing a 6% increase.
That of next year will be GH¢13.53 pesewas, an 8% Jump.
According to some of the experts who spoke on condition of anonymity, workers have a case for fresh collective bargaining agreements.
In a related development, the Chief Executive of the Ghana Employers Association, Alex Frimpong says the discussion should now be moved towards productivity.
“In terms of planning, forecasting, it becomes easier for employers to factor that into their budget and so that at least they know in advance the potential cost of compensation. I think that the time is really good”.
“We really hope that one the pandemic is really out of the way, and second we are able to work together to improve productivity and third the economy also bounces back”, he added.
Background
The determination of the national minimum wage is in accordance with Section 113 (1) (a) of the Labour Act, 2003 (Act 651).
The National Tripartite Committee indicated that the Covid-19 pandemic and its attendant economic hardships strongly influenced the percentage increases of the National Daily Minimum Wage rate.
“In determining the new rates, the NTC took into account the impact of the Covid-19 pandemic on the national economy, cost of living, sustainability of businesses and the desirability of attaining high level of employment,” it stated.
The National Daily Minimum Wage rate for 2021 is to come into effect starting June 4, 2021, whereas that for 2022 comes into effect, January 1, 2022.
Thus, the Committee directed all organisations whose Daily Minimum Wage is below the 2021 National Daily Minimum Wage to adjust their rates accordingly with effect from June 4.
Latest Stories
-
No man should be intimidated by the strength of a woman – Charlotte Oduro
2 mins -
Ghana is not immune to terrorist attack – National Security
3 mins -
WAFU B U-17 Championship: Ghana drawn in Group A, face Benin and Cote d’Ivoire
25 mins -
Two hit by stray bullet as Police clash with ‘wee smokers’
38 mins -
Okyeame Kwame aims for another Artiste of the Year win after 15 years
49 mins -
NAGRAT gives government one-week ultimatum to redeem unpaid pensions for 700,000 workers
52 mins -
Deloitte launches Technology, Media and Telecom predictions for 2024
1 hour -
Meta AI expands to Ghana, Nigeria and other countries in Africa; adds new features
1 hour -
GPL: Expect a new Kotoko against Samartex – Ogum tells fans
2 hours -
Court orders service of notice for DNA test to Mohbad’s wife
2 hours -
Changes to Ghana’s oil and gas royalty and licensing scheme to be implemented in 2024
2 hours -
Ghana’s oil production to rebound in 2024 growing by 5% – Fitch Solutions
3 hours -
Davido gifts fan $50K to clear off her student loan
3 hours -
Netflix: Profits soar after password sharing crackdown
3 hours -
OSP files additional charges against former PPA CEO Adjenim Boateng Adjei
3 hours