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Showing posts with the label National Tripartite Committee

New national daily minimum wage announced

 The National Tripartite Committee (NTC) has announced a 10% increase in the National Daily Minimum Wage (NDMW) for 2025, raising it to GH₵19.97. This new rate will come into effect on 1st March 2025. The decision was made after considering the current economic challenges, the cost of living, and the sustainability of businesses. The NTC, which includes representatives from the government, employers, and organised labour, underscored the importance of maintaining employment levels while addressing economic hardships. A communiqué signed by Labour Minister Dr. Pelpuo, Ghana Employers Association President Nana Dr. Emmanuel Adu-Sarkodee, and TUC Secretary-General Joshua Ansah highlighted that the 2025 NDMW would be exempt from tax. Dr. Pelpuo, outlined the outcome of the negotiations, warned that institutions or organisations failing to comply with the new minimum wage would face sanctions under the law. He reiterated the government’s commitment to improving living standards while ba...