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Business News of Thursday, 26 July 2018

Source: classfmonline.com

Daily minimum wage up, now GHC10.65

The National Tripartite Committee (NTC) has agreed a 10 per cent increase in the National Daily Minimum Wage (NDMW).

The deal was reached at a tripartite meeting held on Thursday, 26 July 2018 and expected to take effect from 1 January 2019.

The previous NDMW of GHS 9.68 will now be GHS10.65, according to the committee.

The committee has, therefore, directed all establishments, institutions or organisations whose daily minimum wage is below the new national daily minimum wage, to adjust wages upward to reflect the changes with effect from 1 January 2019.

Minister of Employment and Labour Relations, Ignatius Baffour Awuah, represented government; the Ghana Employers’ Association (GEA) was represented by its president, Terence R. Darko and the Secretary General of the Trades Union Congress (TUC) represented organised labour.