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17th November 2022 1:24:40 PM
1 min readThe minimum wage was previously GH13.53, but has since increased to GH14.88 by the National Tripartite Committee (NTC).
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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.
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Social media users, on the other hand, have been discussing their dissatisfaction with the development since since the new wage was announced.
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Comparing Ghana’s rate to other countries like France, the UK, US, and Germany, Ghana’s rate is substantially very low.
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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.
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Unemployment levels have increased in Ghana as a result of the rising inflation rate and the depreciation of the cedi against major trading currencies.
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Citizens are however calling on the government to act in order to relieve the burden off Ghanaians.
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The tripartite committee noted that the increase was strongly influenced by the current economic crisis.
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“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.
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