The National Tripartite Committee, comprising representatives from Government, Employers, and Organised Labour/Associations, has commenced negotiations to determine the 2025 Minimum Wage.
The discussions began on Monday, February 3, 2025, marking a critical step in setting wage standards for the upcoming financial year.
Following the conclusion of the minimum wage negotiations, discussions on base pay for public sector salaries will commence.
However, both processes are behind schedule, as they were originally expected to be completed by the end of April 2024 in accordance with the Public Financial Management (PFM) Act.
The delay in finalising these negotiations has raised concerns about its potential impact on the 2025 Budget planning process.
As a result, the Government is urging social partners, including employers and organised labour, to expedite discussions to ensure a timely resolution.
Felix Kwakye Ofosu, the Acting Spokesperson to the President, emphasized the importance of completing the negotiations promptly to provide necessary financial guidelines for the upcoming fiscal year.
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