Minimum Wage: Tripartite Committee Pegs Daily Wage At GH¢14.88; Government Workers To Get 15% COLA

• The National Tripartite Committee has pegged the new minimum wage at GH¢14.88
• The committee also pegged the Cost-of-Living Allowance (COLA) for all government workers at 15 per cent
• The new wage which is supposed to take effect from January 1, 2023, is a 10% increment in the previous daily minimum wage which stood at GH¢13.53 pesewas

Ghana’s new minimum wage is now GH¢14.88 up from the previous GH¢13.53 pesewas.

This 10% increment was approved by the National Tripartite Committee in line with Section 113 (1) (a) of the Labour Act, 2003 (Act 651).

Minimum Wage: Newly Revised Wage Will Be Tax-Exempt And Take Effect From January 1

The newly revised wage is expected to take effect from January 1, 2023, after the committee concluded its meeting on the 2023 National Daily Minimum Wage on Wednesday, November 16, 2022.

Read also

‘No used vehicles can be imported into Ghana’ from 2023 without certification of conformance

Explaining the rationale behind the new figure, the Tripartite Committee said it took into account the current economic crisis, skyrocketing prices of goods and services, and cedi-dollar depreciation among others.

The committee also imposed a 15 per cent cost of living allowance over the 2023 minimum wage for all government sector workers.

Minimum Wage: National Tripartite Committee Cautions Institutions And Organizations Against Paying Employees Below New Wage

The Committee further cautioned institutions and organizations against paying employees below the new minimum wage saying those that flout the revised wage will be sanctioned in accordance with the law.

The statement announcing the new minimum wage was jointly signed by the minister of employment and labour relations, Ignatius Baffour Awuah; the President of Ghana Employers Association, Dan Acheampong and the Secretary-General of the Trades Union Congress, Dr Anthony Yaw Baah.

Read also

Portia Gabor: Beautiful TV3 presenter adjudged 2021 GJA Journalist of the Year

Ghanaian Doctors Join Labour Agitations: Demand Cost of Living Allowance As Economic Hardship Bites

Earlier, YEN.com.gh reported that Ghanaian doctors have joined the agitations on the labour front and also demanded the Cost of Living Allowance (COLA), which public workers say is important to cushion them from economic hardship.

The Ghana Medical Association (GMA) says its members share the same sentiments expressed by teacher unions and the Trades Union Congress about the COLA.

Source: YEN.com.gh