Ferdinand | EducationGhana | November 16 | 2024 Salaries: Government raises Minimum Wage by 22%
The Ghanaian government, led by the Minister for Employment and Labour Relations, Ignatius Baffuor-Awuah, has announced a 22% salary increase for public sector workers in 2024. Additionally, the minimum wage has been raised from GHS 14.88 to GHS 18.15. This decision will positively impact the livelihoods of many Ghanaians and is a step towards improving the standard of living in the country.
The Ghanaian government has announced a significant salary increment for public sector workers in 2024.
Minister for Employment and Labour Relations, Ignatius Baffuor-Awuah, led the negotiations, which resulted in the 23% salary increment.
The decision takes into account the current economic situation in the country. The new minimum wage will be GHS18.15, an increase from GHS14.88.
The salary increment will be implemented in two phases: from January to June 2024, and an extra increment of 2% from July to December 2024.
The negotiations were conducted at the tripartite level, with the participation of the public sector joint negotiations committee and all unions within the public space.
The decision was made taking into consideration the agreement with the IMF and ensuring that the nation achieves all the targets set for itself and gets all the benchmarks right.
“At the end of our negotiations at the tripartite level, we agreed that the minimum wage be reviewed upwards by 22 percent, from 14.88 Cedis to 18.15 Cedis. Subsequently, the public sector joint negotiations committee between all unions within the public space under the single spine and the government also entered into negotiations to determine the national base pay,” stated Minister Ignatious Baffuor-Awuah.
He continued, “I am happy to report to you that a few minutes after a very difficult meeting, taking the current state of the economy into consideration and also considering the agreement that as a nation we have with the IMF in ensuring that we stay on course in achieving all the targets set for ourselves and getting all the benchmarks right, we have concluded that the nationally based pay will be increased by 23 percent between January 1, 2024, and June 31, 2024. Subsequently, an additional 2 per cent increment will be added to the 23 per cent, making it 25 per cent from July to December 2024.”
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