The Minister of Employment and Labour Relations, Ignatius Baffuor Awuah announced that the national daily minimum wage (NDMW) has been increased from GHC13.53 in 2022 to GHC14.88 pesewas for the year 2023.
Beginning on January 1, 2023, the new minimum wage will be in effect.
Meetings between the government, the Ghana Employers Association, and organized labour have been taking place since Monday (14 November) to determine the national daily minimum wage for 2023.
The Tripartite Committee said in arriving at this new wage, it 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.
“An increase in the NDMW by 10% over the 2022 NDMW which translates into a new NDMW of GHC14.88; and a Cost-of-Living Allowance (COLA) of 15% over the 2023 NDMW,” the Committee said in a communique issued on Wednesday.
Read the full communique below: