minimum wage in ghana 2018

Living Wage Individual in Ghana increased to 900 GHS/Month in 2018 from 860 GHS/Month in 2017. Facts and statistics about Ghana Ghana is a country located in the Western Africa region with a population of … Minimum Wages in Ghana with effect from 01-01-2018 to 31-12-2018 Minimum Wages in Ghana with effect from 01-01-2016 Minimum Wages in Ghana with effect from 01-05-2015 to 30-04-2016 As a result, the new minimum wage is 9.68 cedis up from 8.80 cedis. Hon. Baffour Awuah stated that the new increment in the National Daily Minimum Wage is to be amended upwards from GH¢8:80 to GH¢ 9:68 taking effect from 1 st January, 2018. Salaries in Ghana range from 1,280 GHS per month (minimum salary) to 22,600 GHS per month (maximum average salary, actual maximum is higher). Social security and pensions. As a result, the new minimum wage is 9.68 cedis up from 8.80 cedis. Over the last few years it has been raised constantly. It was only in 2011, 2012 and 2018 that the average inflation rate took less than half of the rate by which the minimum wage was increased. Median Salary The median salary is 4,660 GHS per month, which means that half (50%) of the population are earning less than 4,660 GHS while the other half are earning more than 4,660 GHS. Wages High Skilled in Ghana averaged 1842.50 GHS/Month from 2015 until 2018, reaching an all time high of 2110 GHS/Month in 2017 and a record low of 1440 GHS/Month in 2015. The first is the legal and institutional architecture for the fixing of the minimum wage. Around 80% of Ghana’s workforce earns more than the minimum wage. Minister warned that “Any establishment, institution or organization that flouts the new rate shall be sanctioned in accordance with the law”. At the moment (2012) the minimum wage in Ghana is GHS 4.48 per day (around €2). The change will take effect on January 2018. Wages High Skilled in Ghana decreased to 2030 GHS/Month in 2018 from 2110 GHS/Month in 2017. The new wage which takes effect in January 2018 will be GHS9.68 from the current GHS8.80. Ghanaians really appreciate Ghana’s social security system since it works reasonably well. The National Tripartite Committee has announced a 10 per cent increase in the daily minimum wage. Under this sub- Living Wage Individual in Ghana averaged 880 GHS/Month from 2015 until 2018, reaching an all time high of 900 GHS/Month in 2018 and a record low of 860 GHS/Month in 2017. ... By law it is illegal for any worker in Ghana to be paid below the minimum wage. For instance, in 2011 the monthly minimum wage was increased to GH¢100.71 – representing by 19.8 percent from the previous year, whereas average inflation rate for the year was 9.4 percent. MINIMUM WAGE FIXING IN GHANA, POLICY PAPER 2018/1 INTRODUCTION 8 2.0 Scope of Analysis Three main aspects of Ghana’s minimum wage are discussed in this paper. The Hon. There are 110 countries with a higher Minimum Wage then Ghana, and Ghana is in the bottom percent of all countries based on the yearly minimum wage rate. The change will take effect on January 2018. The decision was taken Tuesday after a marathon meeting held by government, labour and the employers association. The decision was taken on Tuesday after a marathon meeting held by the government, labour and the employers association.

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