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22.02.2006 Business & Finance

Minimum wage goes up


Accra, Feb. 21, GNA - The National Daily Minimum Wage has gone up from its pre 13,500 cedis a day to 16,000 cedis, about 18.51 per cent and takes effect from March 1, 2006.

A communiqu=E9 the National Tripartite Committee (NTC) issued on Tuesday in Accra after its consultations said the minimum "wage will be tax exempt in accordance with the 2006 Budget Statement". Mr Joseph Adda, Minister of Manpower Youth and Employment signed for the Government, Mrs Rose Karikari Anang, Executive Director, Ghana Employers' Association, initialled for Employers and while Mr Kwasi Adu-Amankwa, Secretary - General, Ghana Trades Union Congress, endorsed it for workers

The communiqu=E9 said "meanwhile the Technical Committee of the NTC for the determination of a National Living Wage is to conclude its work before the end of the year for the consideration of the NTC". It said, "any institution or establishment whose daily minimum wage falls below the new National Daily Minimum Wage should adjust accordingly".