Minimum wage goes up by 10% (Ghana)

The daily minimum wage has been raised by 10 per cent, reaching GHȻ10.65 from GHȻ9.68.

The decision was arrived at after deliberations of the National Tripartite Committee (NTC) in Accra on Thursday, July 26.

A communique issued by the NTC has, therefore, directed all institutions whose Daily Minimum Wage is below the new Daily Minimum Wage to adjust its wages upward from 1st January 2019.

The new wage takes effect from January 1, 2019.

“Any establishments, institutions or organisations that [flout] the new rate shall be sanctioned in accordance with the law”, the communique stated.

What is the minimum wage?

Minimum wages, according to the International Labour Organisation (ILO), is “the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract.”

The purpose of minimum wages is to protect workers against unduly low pay.

They help ensure a just and equitable share of the fruits of progress to all, and a minimum living wage to all who are employed and in need of such protection.

The NTC, which sets the minimum wage in Ghana, has directed that new National Daily Minimum Wage should be tax exempt. 

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of content received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top