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National Daily Minimum Wage increased by 6%, now ¢12.53

National Daily Minimum Wage increased by 6%, now ¢12.53

National Daily Minimum Wage increased by 6%, now ¢12.53

The National Tripartite Commission (NTC) has concluded negotiations

on the determination of the National Daily Minimum Wage in respect

of 2021 and 2022 at its meeting held Thursday, June 3 in Accra.

This is in accordance with Section 113 (1) (a) of

the Labour Act, 2003 (Act 651).

At the end of the meeting, it was concluded that the

2021 National Daily Minimum Wage will be ¢12.53,

which is a 6% increment of the 2020 figure of ¢11.82.

And for the year 2022, National Daily Minimum Wage will

be pegged at ¢13.53, an 8% increment of the 2021 figure.

According to the NTC press statement announcing the new rates,

the Commission indicated that the Covid-19 pandemic and its

attendant economic hardships strongly influenced the percentage

increases of the National Daily Minimum Wage rate.

“In determining the new rates, the NTC took into account the impact

of the Covid-19 pandemic on the national economy, cost of living,

sustainability of businesses and the desirability

of attaining high level of employment,” it stated.

The National Daily Minimum Wage rate for 2021 is to come into

effect starting June 4, 2021, whereas 2022 comes

into effect, January 1, 2022.

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Thus, the Commission directed all organizations whose

Daily Minimum Wage is below the 2021 National Daily Minimum Wage

to adjust their rates accordingly with effect from June 4.

“Any establishment, institution, or organization that flouts the new

rate shall be sanctioned in accordance with the law,” it warned.

It further recommended that the

National Daily Minimum Wage be tax exempt.

“The NTC wishes to reiterate its commitment to strengthening

social partnership, industrial peace, and the improvement of

incomes and productivity in both public and private sectors

of the economy,” the statement concluded.

Below is the full statement:

 

 

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