What is the minimum wage in Ghana 2018?

What is the minimum wage in Ghana 2018?

Tired of your current job due to poor remuneration? Are you paid for working extra during holidays and overtime? Do you know that it’s your right to get paid and nothing less of the minimum wage in Ghana?

Current minimum wage in Ghana 2018

The minimum wage in Ghana is a law meant to guard hard working Ghanaians from unscrupulous employers who pay them unsubstantially. The Government has your back and you can sue your employer in a court of law.

The minimum wage in Ghana accounts the lowest amount a worker can be legally paid for work done. It was set up to protect Ghanaians from extortion and being used by employers who reap the benefits of their hard work. It is a regulatory process that is mandatory for all employers to follow to avoid a running with the Government of Ghana.

Current minimum wage in Ghana 2018

The current daily minimum wage in Ghana stands at GHc 9.68. This came after a 10% increment made by the Government that started in January 2018. Although, based on the yearly minimum wage rate, Ghana ranks at 110 over the 197 countries that have high minimum wages.

Current minimum wage in Ghana 2018

The new minimum wage in Ghana will see the end of the daily minimum wage in Ghana 2017 which stood at GHc 8.80. The Government asked all employers to adjust their wages upwards, failure to which will leads to sanctions.

The Minister of Employment and Labor Relations in conjunction with the National Tripartite committee also directed employers to hand in documentation and pay slips of their employees in order to confirm if they were following the minimum wage bill to the later.

Trend of minimum wage in Ghana

The history of the minimum wage in Ghana from 2000-2007 shows a steady and significant percentage raise. The rise of the minimum wage in Ghana has been attributed to the changing economy. Although more could have been achieved if it was not for the Government’s stance to curb the soaring rates of inflation diminishing the purchasing power of the Ghanaian worker. This is mainly caused by the unpredictable currency depreciation and high rates of steady inflation in Ghana.

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Current minimum wage in Ghana 2018

The minimum wage in Ghana improved back in 2001 when the New Patriotic Party took over power. Over the years the minimum wage has grown to 353%. The rise in minimum wage has also marked the steady rise of goods and services over the period with the Ghanaian worker having at least the purchasing power to cope with the changing times.

Before 2000, the minimum wage was at GHc 460 which was way below the dollar. To top off, the inflation rate was at its all-time high of 27.7%. The open-door policy initiated by the Government back in 2007 was applauded by Trade Unions as it focused on handing the Ghanaian worker the purchasing power to cope with the inflation.

The last 5 five years has seen ultimate rise in the minimum wage. The year 2015 saw the daily minimum wage record at GHc 7. With these figures it become possible to calculate the minimum wage per hour in Ghana of workers in shifts.

The year 2016 saw the Labor Minister announce the increase of the minimum wage from GHc 7 to GHc 8. This accounted for a 10% increment in the Single Spine Salary Structure. The changes were realized after negotiations between the Fair wages and salary commission with consultation with representatives from various trade unions and the Ministry of Employment and Labor Relations.

A 10% rise in the minimum wage in the year 2017 saw the rise in the salary increment from GHC 8.00 to GHc 8.80. The trend showed the Government enforcing a 10% increase yearly to the Ghanaian workers. This time the Ghanaian workers can at least acquire the purchasing power to meet the harsh economic situation in Ghana.

2018 will see the Ghanaians workers smile all way to the bank after the Government announced another 10% increment in the minimum wage, which will see the least paid Ghanaian worker take home GHc 9.68. The future seems to be brighter for the Ghanaian workers if the Government maintains the trend.

READ ALSO: Top companies in Ghana for employment

Source: Yen.com.gh

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