Following multiple stakeholder consultations, on Wednesday, November 16, 2022, the National Tripartite Committee (NTC) raised the minimum wage from Ghana pesewas (GH13.53) to Ghana pesewas (GH14.88).
The Labour Act of 2003’s Section 113(1)(a) served as the negotiation’s foundation (Act 651).
Ignatius Baffour-Awuah, the Minister of Employment and Labor Relations, has stated that any institution that violates the 2023 national daily minimum wage will be dealt with in line with the law. This follows the marginal increase in the minimum wage.
Speaking at a press conference in Accra on Wednesday, November 16, 2022, the minister said, “Any establishment, institution or organization that flout the 2023 national daily minimum wage shall be sanctioned in accordance with the law.”
He noted that the 10% increment in the minimum wage will take effect from January 1, 2023.
Throwing more light on factors that led to the 10% increment, the Employment and Labour Minister said the committee took into consideration the current economic challenges, high cost of living, sustainability of businesses and 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,” Baffour-Awuah said.