The minimum wage has been raised by the National Tripartite Committee (NTC) to GHC 14.88.
This comes after negotiations to determine the National Daily Minimum Wage (NDMW) for 2023 came to an end at a meeting on November 16, 2022, in Accra.
The Labour Act of 2003’s Section 113(1)(a) served as the foundation for the decision (Act 651).
At the conclusion of the conference, it was decided that the minimum wage for the year 2023 would be set at GHC 14.88, an increase in the NDMW of 10% above the NDMW for 2022.
According to a press release announcing the new rates, among other factors, the current economic crisis had a significant impact on the percentage increase in the national daily minimum wage rate.
“In determining the 2023 NDMW, the NTC took into account the current economic challenges, cost of living, sustainability of businesses and desirability of attaining higher level of employment, as well as the need for rapid restoration of macroeconomic stability.”
The effective date for the implementation of the 2023 NDMW is 1st January 2023.
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