Ferdinand|EducationGhana|November 16|JUST IN: 2023 National Daily Minimum Wage now GH¢14.88
In line with Section 113 (1), (a) of the Labour Act, 2003 (Act 651), the National Tripartite Committee (NTC) concluded negotiations on the determination of the 2023 National Daily Minimum Wage (NDMW) at its meeting held on Wednesday, 16th November 2022 in Accra.
In determining the 2023 NDMW, 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.
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The Committee concluded as follows:
1. An increase in the NDMW by 10% over the 2022 NDMW which translates into a new NDMW of GH¢14.88; and
2. A Cost-of-Living Allowance (COLA) of 15% over the 2023 NDMW.
The effective date for the implementation of the 2023 NDMW shall be 1st January 2023.
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All establishments, institutions or organizations whose daily minimum wages are below the new rates should adjust accordingly effective 1st January 2023.
Any establishment, institution or organization that flouts the 2023 NDMW shall be sanctioned in accordance with the law.
The NTC recommends that the 2023 NDMW should be tax-exempt.
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Check Also:
How to write and Address a Letter of Sponsorship as a School in the GES HERE
How to write and address any form of Letter to the Ghana Education Service HERE
How to write and Address an Application for Car Maintenance Allowance as a Teacher HERE
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Check the SHS Grading System HERE
Download the 2022 basic and shs Academic Calendar HERE
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Prospective Students can also check out the Admission Deadlines for Tertiary Institutions in Ghana as well as their Entry Requirements before Applying.
They can also check the institutions’ cut off pointsandHow to Applyto the various Tertiary Institutions in Ghana as well as the institutions’ Fees Schedulesfor any particular Semester or Year.
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Download Teachers Guide on SBCand CCP Curriculums HERE
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