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Check This Out: Detailed Explanation of the GH¢14.88 recommended 2023 National Daily Minimum Wage
Review of Minimum Wage
Ghana’s minimum wage was revised with effect from January 1, 2022. It was increased from GH¢12.53 cedis to GH¢13.53 cedis.
The National Tripartite Committee (NTC) increased the minimum wage to ¢13.53 following the conclusion of negotiations on the determination of the minimum wage in respect of 2021 and 2022 at its meeting on Thursday, June 3, 2021, in Accra.
The determination was based on Section 113 (1) (a) of the Labour Act, 2003 (Act 651).
At the end of the meeting, it was concluded that for the year 2022, the minimum wage would be pegged at GH¢13.53, an eight percent increment on the 2021 figure.
A press statement announcing the new rates said the committee noted that the Covid-19 pandemic and its attendant economic hardships strongly influenced the percentage increment in the national daily minimum wage rate.
Check This Out: JUST IN: 2023 National Daily Minimum Wage now GH¢14.88
“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 a high level of employment,” it said.
The rate for 2021 came into effect on June 4, 2021, whereas that of 2022 came into effect on January 1, 2022.
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