Ignatius Baffuor Awuah, the minister responsible for labor and employment, has said that the minimum wage would increase to GH14.88 per day by the year 2023.
On Wednesday, November 16, the Minister said at a news conference in Accra that the discussions between the national tripartite committee and the government had been completed and that “we believe now is the appropriate moment to communicate to Ghanaians on the conclusion of the negotiations.”
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He said the group considered the state of the economy, the cost of living, the long-term viability of enterprises, and the preference for expanding job opportunities.
“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.
“The effective date for the implementation of the 2023 national daily minimum wage shall be 1st January 2023.
“All establishments, institutions, organizations whose daily minimum wages are below the new rate should adjust accordingly effective 1st January 2023,” he said.
Organized Labour, the Ghana Employers Association and government have been meeting on the determination of the national daily minimum wage for 2023 since Monday November 14.
