• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Ghana Daily minimum wage increased by 11%, effective 2020

30/08/2019
Reading Time: 2 mins read
minimum_wage, ghanatalksbusiness.com
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The 2020 National Daily Minimum Wage (NDMW) has gone up 11 percentage point over the 2019 NDMW of GHC 10.65 to GHC11.82, effective from January 1, 2020.

The Ghana Daily minimum wage is the least wage any employer in the country can pay a worker in a day.

Announcing the increase in Accra, the Minister of Employment and Labour Relations, Mr Ignatius Baffour-Awuah, also stated that the NTC had agreed that the new NDMW should be tax-exempt.

He advised all establishments, institutions and organisations to adjust their wages accordingly and warned that any entity which flouted the new rate would be dealt with in accordance with the law.

Base Pay

The Minister also announced that the government and organised labour had agreed that the current base pay on the Single Spine Salary Structure should be increased by 12 per cent across board for the year 2020 at the existing pay point relativity of 1.7 per cent.

He said the base pay, therefore, had been increased from GH¢9.10 per day in 2019 to GH¢10.19 in 2020.That also, he said, takes effect from January 1, 2020. Mr Baffour-Awuah said the parties had also agreed to revise the prevailing rates of allowances expressed in the absolute amounts on the categories two and three allowances to new levels to take effect from January 2020.

He advised government ministries, departments and agencies to take appropriate steps to give effect to the revised categories in accordance with new guidelines to be issued by the Ministry of Finance.

The Minister also announced that the government and organised labour had agreed that the current base pay on the Single Spine Salary Structure should be increased by 12 per cent across board for the year 2020 at the existing pay point relativity of 1.7 per cent. He said the base pay, therefore, had been increased from GH¢9.10 per day in 2019 to GH¢10.19 in 2020.

That also, he said, takes effect from January 1, 2020.Mr Baffour-Awuah said the parties had also agreed to revise the prevailing rates of allowances expressed in the absolute amounts on the categories two and three allowances to new levels to take effect from January 2020.

ALSO READ: ICU calls for a review of Single Spine Salary Structure

He advised government ministries, departments and agencjes to take appropriate steps to give effect to the revised categories in accordance with new guidelines to be issued by the Ministry of Finance.

Previous Post

Ghana Tourism Authority sends strong warning to illegal tourism facilities

Next Post

Toyota CEO hints on when Ghana’s first Toyota-assembled vehicle will be ready

Related Posts

Cedi to USD

Daily minimum wage increased to GH¢12.53. What this means for Businesses & Workers

04/06/2021
GH₵600m stimulus package

Experts suggest criteria for disbursement of GH₵600m stimulus package in Ghana

21/04/2020
Asantei Berko bibery,

Asante Berko resigns from Tema Oil Refinery over Bribery allegation

16/04/2020
Goldman Sachs

U.S. SEC charges ex-Goldman Sachs banker for bribes to Ghana officials

14/04/2020
world bank COVID-19, ghanatalksbusiness.com

World Bank supports Ghana’s COVID-19 response

04/04/2020
lockdown

Covid-19: Food vendors, others exempted from lockdown

28/03/2020
Next Post
toyota_Ghana_CEO

Toyota CEO hints on when Ghana’s first Toyota-assembled vehicle will be ready

dr_nduom

Nduom sues BoG, wants restoration of GN Savings and Loans license

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In