Negotiations to determine Ghana’s minimum wage for 2025 have officially begun, with representatives from the Government, Employers, and Organised Labour engaging in deliberations under the National Tripartite Committee.

The talks, which commenced on Monday, February 3, are a crucial step in setting wage standards for the next financial year. Once an agreement is reached, attention will shift to discussions on base pay adjustments for public sector workers.

Despite the progress, the process is running behind schedule. According to the Public Financial Management (PFM) Act, both the minimum wage and base pay negotiations were expected to be finalized by April 2024.

The delay has sparked concerns about its potential impact on the 2025 Budget planning process.

To avoid further setbacks, the Government is calling on all stakeholders to expedite the discussions.

Felix Kwakye Ofosu, Acting Spokesperson to the President, underscored the urgency of concluding the negotiations, stating that a swift resolution is necessary to provide financial guidelines for the upcoming fiscal year.