The Minister of Employment and Labour Relations, Ignatius Baffuor Awuahannounced that the national daily minimum wage (NDMW) has been increased from GHC13.53 in 2022 to GHC14.88 pesewas for the year 2023.
The new minimum wage will take effect from 1 January 2023.
Organized Labour, the Ghana Employers Association and government have been meeting on the determination of the national daily minimum wage for 2023 since Monday (14 November).
The Tripartite Committee said in arriving at this new wage, it 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 Committee said in a communique issued on Wednesday.
Below the the full statement:
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