The minimum wage was previously GH13.53, but has since increased to GH14.88 by the National Tripartite Committee (NTC).
The talks to determine the 2023 National Daily Minimum Wage (NDMW), which were concluded in a meeting on November 16, 2022, in Accra, are what led to the hike.
Social media users, on the other hand, have been discussing their dissatisfaction with the development since since the new wage was announced.
Comparing Ghana’s rate to other countries like France, the UK, US, and Germany, Ghana’s rate is substantially very low.
In France, the national minimum wage is $10.71 per hour, UK is $11.43 per hour $10.59 per hour in Germany, $7.25 per hour in the US, and GH¢14.88 ($1.06) per day in Ghana.
Unemployment levels have increased in Ghana as a result of the rising inflation rate and the depreciation of the cedi against major trading currencies.
Citizens are however calling on the government to act in order to relieve the burden off Ghanaians.
The tripartite committee noted that the increase was strongly influenced by the current economic crisis.
“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,” a statement by the Committee read.