Finance
Ghana’s new minimum wage is GHC14.88
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.”
CLICK HERE TO DOWNLOAD PRESS RADIO MOBILE APP
The effective date for implementing the 2023 NDMW is 1st January 2023.
Source: starrfm.com.gh
-
GENERAL NEWS1 week ago
Why 15 police officers stormed Owusu Bempah’s church – Kumchacha narrates
-
GENERAL NEWS1 week ago
How Offinso residents storm destooled queen mother’s house, demand for new chief
-
South Africa News1 week ago
Woman thrown out of a speeding taxi while on her way to work
-
News Africa3 weeks ago
‘Satanically dubious’ – SCOAN releases statement on BBC’s report about TB Joshua, church
-
Entertainment Africa2 weeks ago
This is why Kelly Khumalo’s Stunning Outfit is trending
-
POLITICS4 weeks ago
Watch how Frema Opare reacted when she saw Asamoah Gyan at launch of Bawumia’s manifesto committee
-
GENERAL NEWS1 month ago
Men are afraid to date me – ‘Bearded’ woman cries out
-
POLITICS3 weeks ago
The spiritual directions that made Kufuor become president