Minimum Wage Increased From GH¢13.53 To GH¢14.88

The National Tripartite Committee (NTC), made up of the government, organised labour and employers, agreed on the new wage below which no one should be paid. The new NDMW, which takes effect from January 1, next year, is a 10 per cent increment over the 2022 NDMW. The NTC has also pegged the cost-of-living allowance (COLA) at 15 per cent of the new NDMW. Communique A communique issued by the NTC yesterday said all institutions must adjust their daily minimum wages and COLA to conform to the new rates. “All establishments, institutions or organisations whose daily minimum wages are below…