The government through the Minister of Employment and Labour Relations, has increased the national daily minimum wage (NDMW) to GHC14.88 pesewas beginning 2023.
The announcement was made by the Minister of Employment and Labour Relations, Ignatius Baffuor Awuah in a statement.
This means the new minimum wage will take effect from January 1, 2023.
The new increment follows a review by the Organized Labour, the Ghana Employers Association and government through meetings on the determination of the national daily minimum wage for 2023.
In determining the 2023 NDMW, the NTC took into account the “current economic challenges, cost of living, sustainability of businesses and desirability of attaining a higher level of employment, as well as the need for rapid restoration of macroeconomic stability.”
“An increase in the NDMW by 10% over the 2022 NDMW which translates into a new NDMW of GHC14.88; and a Cost-of-Living Allowance (COLA) of 15% over the 2023 NDMW,” the statement said.
It thus admonished all the establishment, institutions or organisations whose daily minimum wages are below the new rates should adjust accordingly effective 1st January 2023.
The Ministry of Employment and Labour Relations further warned institutions and organisations obliged with the directives because failure to do so shall be sanctioned in accordance with the law.
BELOW IS THE FULL STATEMENT
