New Minimum Wage Announced

The Tripartite Committee, comprising Organised Labour, Employers and the Government, has agreed on a new daily minimum wage of GH˘3.11 effective February 1, 2010.

The previous daily minimum wage of GH˘2.655, was implemented in April 2009.

Mr. Abraham Coomson, a member of the negotiating team, told newsmen that Labour has pencilled in a minimum of GH˘4 but has to concede some grounds during the negotiations. Discussions have been on-going since last year.

The committee also agreed on a new income tax-free threshold of GH˘240 per annum to GH˘1,800 per annum to reduce the burden on the economy’s formal sector workers.

The new threshold means workers who earn less than GH˘1,800 per annum are exempt from tax. The GH˘240 threshold was fixed in 2006.

Source: The Ghanaian Times