The minimum wage has been raised by the National Tripartite Committee (NTC) to GHC 14.88.
This comes after negotiations to determine the National Daily Minimum Wage (NDMW) for 2023 came to an end at a meeting on November 16, 2022, in Accra.
At the conclusion of the conference, it was decided that the minimum wage for 2023 would be set at GH14.88, an increase in the NDMW of 10% above the NDMW for 2022.
The current economic crisis, among other things, had a significant impact on the percentage increase in the national daily minimum wage rate, according to a press release announcing the new rates.
“In determining the 2023 NDMW, the NTC took into account the current economic challenges, cost of living, sustainability of businesses and desirability of attaining higher level of employment, as well as the need for rapid restoration of macroeconomic stability.”
The 2023 NDMW will go into effect on January 1st of that year.
