According to Kwakye of the IEA, Ghana's daily minimum wage of GHc14.88 can only buy a loaf of bread and a pint of beer.

 Dr. John Kwakye, Director of Research at the Institute of Economic Affairs (IEA), has stated that Ghana's daily minimum wage is appallingly low.

He believes that a GHS14.88 wage can only buy a beer pint, a liter of gas, or a loaf of bread.

“A loaf of bread, a liter of gasoline, or a pint of beer are all that Ghana's GHc14.88 daily minimum wage can buy! Our political leadership and economic managers are being held accountable for this! Dr. Kwakye posted a tweet on March 2nd.

The national daily minimum wage was recently raised to GH14.88 pesewas in 2023, up from GH13.53 pesewas in 2022.

This was made public on November 16, 2022, by Ignatius Baffuor Awuah, Minister of Employment and Labor Relations.

This occurred following a series of meetings held by organized labor, the Ghana Employers Association, and the government to determine the wage for 2023.

On Wednesday, November 16, the Minister stated at a press conference in Accra that the national tripartite committee had concluded negotiations and that "we think this is the best time to communicate to Ghanaians on the outcome of the negotiations."

He stated that the committee considered the current economic challenges, the cost of living, the viability of businesses, and the desire to attain higher employment levels.

“The committee came to the conclusion that the national daily minimum wage needs to be increased by 10% over the national daily minimum wage in 2022. This would result in a new national daily minimum wage of GH14.88 pesewas and a 15% cost of living allowance over the national daily minimum wage in 2023.

He stated, "With effect from January 1, 2023, all establishments, institutions, and organizations whose daily minimum wages are below the new rate should adjust accordingly."

Post a Comment

Previous Post Next Post