Ghana: Minimum Wage Increased to GHC 6

moneyThe National Tripartite Committee (NTC) has succeeded in curbing an intended labour unrest announced by the Trades Union Congress.

The NTC, comprising government, organized labour and the Ghana Employers Association (GEA) has finally agreed on a new Daily Minimum Wage of GHC 6 from the current GHC 5.24. The increase represents about 14.5 percent.

After deep negotiations, government also agreed to give public sector workers 10 percent of their basic annual salary as Cost of Living Allowance (COLA).

The package came after a marathon meeting of the National Tripartite Committee Wednesday April 30, 2014.

The parties are expected to issue a joint communiqué on Friday.

It will be recalled that the Trades Union Congress (TUC) recently threatened to announce a series of actions if the minimum wage is not announced by or before May 1, 2014.

The Trades Union Congress was the first to issue the ultimatum. Then the Ghana Medical Association, the Industrial and Commercial Workers Union and the Ghana Federation of Labour all made demands of an immediate increase in the minimum wage and the base pay as they join forces with the TUC.

Government through the Finance Ministry earlier in the year announced a freeze in wage increments for 2014 in the budget.

Meanwhile, Ghanaian Workers will join the rest of the world to mark May Day today. This year’s May Day celebration is under the theme “Ghana’s economy, a concern for all”.

 

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Source: citifmonline

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