New minimum wage expected on Monday

Business News of Friday, 19 April 2013

Source: Joy Online


The Tripartite Committee is expected to meet on Monday to conclude negotiations on the new daily minimum wage.

The committee, made up of government, employers and organised labour has been meeting for sometime on adjusting the new daily minimum wage.

Joy Business has learnt, organised labour is proposing a 15.2 per cent increase which will translate into 5 Ghana cedis 16 pesewas.

Government however, is considering a possible 15 percent increase to enable it manage the increasing wage bill and the huge arrears it has to clear.

Employers on the other hand are looking at an increment which is not more than the projected inflation of 9 per cent for this year.

The minimum wage acts as the “floor” for which no worker should be pay below that amount in the country.