Employment and Labour Relations Minister, Ignatius Baffuor Awuah has disclosed in a press briefing the national daily minimum wage has been increased from GH¢13.53 in 2022 to GH¢14.88 pesewas for the year 2023.
The move was in pursuit with series of meeting between the tripartite partners, Organized Labour, the Ghana Employers Association and government on the determination of the national daily minimum wage for 2023 since Monday November 14, 2022.
At a press conference in Accra on Wednesday November 16, 2022 the minister disclosed, the national tripartite committee concluded the negotiations and they think that is the best time to communicate to Ghanaians on the outcome of the negotiations.
He noted the committee took into consideration the current economic challenges, the cost of living, sustainability of businesses and the desirability of attaining higher levels of employment.
“The committee concluded on the need to increase the national daily minimum wage by 10 per cent over the 2022 national daily minimum wage which translates into new national daily minimum wage of GH¢14.88 pesewas and a cost of living allowance of 15 per cent over the 2023 national daily minimum wage.
“The effective date for the implementation of the 2023 national daily minimum wage shall be 1st January 2023.
“All establishments, institutions, organizations whose daily minimum wages are below the new rate should adjust accordingly effective 1st January 2023,” he explained.
Meanwhile, the Secretary-General of the Trades Union Congress (TUC), Dr Yaw Baah has welcomed the new minimum wage agreed upon by the national tripartite committee.
He has expressed optimism that the new rate will support workers in these difficult economic times they find themselves.
“We know that this will cushion workers a little bit. This is the time we need this. So from 2023 as we expect better times, we hope that this will cushion the workers further,” Dr Yaw Baah observed.
