{"id":1255704,"date":"2022-11-22T12:11:05","date_gmt":"2022-11-22T12:11:05","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/22\/stabilize-economy-new-minimum-wage-too-low\/"},"modified":"2022-11-22T12:11:05","modified_gmt":"2022-11-22T12:11:05","slug":"stabilize-economy-new-minimum-wage-too-low","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/22\/stabilize-economy-new-minimum-wage-too-low\/","title":{"rendered":"Stabilize economy, new minimum wage too low"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Member of Parliament for Madina, Francis-Xavier Sosu, has asked government to channel its efforts into stabilizing the economy to bring relief to citizens.<\/p>\n<p>The country\u2019s economy has been experiencing a downturn in recent times, with the inflation rate hitting an all-time record high.<\/p>\n<p>Amid the challenges, the\u00a0National Tripartite Committee announced\u00a0an upward review of the minimum wage from the initial\u00a0GH\u00a213.53 pesewas to GH\u20b514.88 pesewas.<\/p>\n<p>But speaking to <strong>Citi News<\/strong>, Francis-Xavier Sosu said even though the increase was commendable, it will be insignificant if government fails to address the worsening economic situation<\/p>\n<p>\u201cWhen you review minimum wage and inflation and depreciation are still high, fuel prices are rising, these rises will eat off this increase. This means that government must come again by reviewing the wage. That will be great but more importantly, government must take urgent steps to stabilize the economy otherwise, I do not think that, this revision of minimum wage will have any real impact on the lives of ordinary workers in Ghana.\u201d<\/p>\n<p>Some Ghanaians have expressed disappointment over the announcement of a slight increase in the daily national minimum wage for 2023.<\/p>\n<p>Scores of Ghanaian workers\u00a0<strong>Citi News<\/strong>\u00a0spoke to complained that they had expected something substantial and not the meagre GH\u00a22.35 that had been added to next year\u2019s minimum wage.<\/p>\n<p>Joseph Larbi, a taxi driver who drives on the streets of Accra, said he earns way below the National Minimum Wage. He said his daily wage is GH\u00a210.75 which translates into GH\u00a2160 a month.<\/p>\n<p>In spite of the Labour Ministry\u2019s directive to establishments, institutions, and organizations to adjust their wages accordingly, Joseph Larbi said he has been on a GH\u00a2160 monthly wage for the last decade.<\/p>\n<p>The father of one lamented the rise in fuel prices, accommodation, and utilities and said life has been tough for his wife and child.<\/p>\n<p>\u00a0<\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"7iND1ghQnGQ\"><iframe loading=\"lazy\" title=\"Some Ghanaian workers downplay real impact of new minimum wage\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/7iND1ghQnGQ?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<p>\u00a0<\/p>\n<p>A private security guard who also earns below the National Minimum Wage said he has resorted to a bicycle to aid him to commute to his 7-day-a-week job.<\/p>\n<p>Having no idea what a national minimum wage is, Yaw Twumasi Ankrah said it is difficult to come across any private security personnel that is paid beyond GH\u00a2600 and that security guards are one of the worst-hit demographics of the current economic crisis.<\/p>\n<p>He lamented the sufferings and difficulties he has to go through to cater for his family of five children and a wife with his GH\u00a2450 monthly wage.<\/p>\n<p>The challenges confronting the majority of respondents are uniform, ranging from high transport fares to astronomical rises in utility fees.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Member of Parliament for Madina, Francis-Xavier Sosu, has asked government to channel its efforts into stabilizing the economy to bring relief to citizens. The country\u2019s economy has been experiencing a downturn in recent times, with the inflation rate hitting an all-time record high. Amid the challenges, the\u00a0National Tripartite Committee announced\u00a0an upward review of the minimum [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1244076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1255704","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1255704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1255704"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1255704\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1255704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1255704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1255704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}