Finance

Ghana’s new minimum wage is GHC14.88

Ignatius Baffour Awuah

The National Tripartite Committee (NTC) has increased the minimum wage to GHC 14.88.

This follows the conclusion of negotiations on the determination of the 2023 National Daily Minimum Wage (NDMW) at its meeting held on Wednesday, 16th November, 2022 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 2023, the minimum wage would be pegged at GHC 14.88, an increase in the NDMW by 10% over the 2022 NDMW.

A press statement announcing the new rates said the current economic crisis strongly influenced the percentage increment in the national daily minimum wage rate among others.

“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 effective date for implementing the 2023 NDMW is 1st January 2023.

 

Source: starrfm.com.gh

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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