Close Menu
    Trending
    • Ace Ankomah moves to enforce GH¢2.95m defamation judgment against Kevin Taylor
    • Saanie Daara backs proposal to extend GFA presidential term limit, advocates 4 terms
    • Petrol price to go up; diesel and LGP to fall from August 1, 2025
    • Volta Region’s unwavering support for Mahama rooted in experience, promise, and proven leadership – Regional Minister
    • Sannie Daara proposes four terms for GFA President as he welcomes extension from Review Committee
    • Man Utd striker Hojlund available for £30m
    • Ghana must broaden bond market to withstand external shocks – Economist advises
    • Rahim Ibrahim scores in Slovan Bratislava’s win against Zeleziarne Podbrezova
    zamzamupdate.com/ News on the GO
    • Home
    • Ghana News
    • News Updates
    • Sports
    • Business
    • Politics
    • Entertainment
    zamzamupdate.com/ News on the GO
    Home»Business»Understanding Ghana’s National Tripartite Committee: Minimum wage and base pay negotiations
    Business

    Understanding Ghana’s National Tripartite Committee: Minimum wage and base pay negotiations

    ZamZam UpdateBy ZamZam UpdateFebruary 6, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Ghana’s Nationwide Tripartite Committee, the physique answerable for setting the nation’s minimal wage and overseeing public sector pay negotiations, has begun its deliberations for 2025.

    The committee, which balances the pursuits of presidency, employers, and arranged labour, will meet below the management of Rashid Pelpuo, the newly accredited Labour Minister, who awaits solely his swearing-in to imagine the position. 

    The committee’s 15 members—5 every from the federal government, employers’ organizations, and arranged labour—will face a difficult job.

    The Trades Union Congress (TUC), a key consultant of labour, is anticipated to push for vital wage will increase, whereas employers and the federal government grapple with financial constraints. 

    The Present Wage Panorama 

    As of February 2025, Ghana’s nationwide each day minimal wage stands at 18.15 cedis, or roughly 363 cedis per thirty days, primarily based on a 20-working-day calculation.

    This determine was set in 2024 after the committee agreed to a 22% enhance, a transfer pushed by hovering inflation that peaked at 54% in December 2023—the best price in over twenty years. 

    Whereas the 2024 hike was substantial, it adopted years of modest changes: 6% in 2021, 8% in 2022, and 9% in 2023. The sharp rise final yr underscored the urgency of addressing the cost-of-living disaster, which has positioned immense stress on low-income employees. 

    Public Sector Pay: A Rising Burden 

    Past the minimal wage, the committee’s choices could have vital implications for public sector salaries. The Ministry of Finance has projected that whole compensation for public sector staff will exceed 73 billion cedis in 2025, a determine that has drawn concern from the World Financial institution.

    The financial institution has repeatedly flagged Ghana’s public sector wage invoice as unsustainable, warning that it strains the nation’s fiscal assets. 

    Regardless of these considerations, public sector employees are more likely to demand larger base pay, arguing that their salaries haven’t saved tempo with inflation.

    The negotiations can be a fragile balancing act, as the federal government seeks to rein in spending whereas addressing the official grievances of its workforce. 

    What Lies Forward 

    The 2025 negotiations come at a pivotal second for Ghana’s economic system. Inflation, although decrease than its 2023 peak, stays a priority, notably meals inflation, and financial development has been uneven.

    The Tripartite Committee’s choices won’t solely form the livelihoods of hundreds of thousands of employees but additionally affect the nation’s fiscal well being and social stability. 

    Because the committee deliberates, all eyes can be on whether or not it opts for one more vital wage enhance or prioritizes fiscal restraint.

    Both method, its selections could have far-reaching penalties for Ghana’s financial trajectory within the yr forward. 

    DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.



    Source link
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleLil Win breaks down in tears while gifting multi-million cedi mansion to mother
    Next Article Anlo Chiefs petition Bagbin to expose identity of MP who insulted Zanetor Rawlings
    ZamZam Update
    • Website

    Related Posts

    Business

    Petrol price to go up; diesel and LGP to fall from August 1, 2025

    August 3, 2025
    Business

    Ghana must broaden bond market to withstand external shocks – Economist advises

    August 3, 2025
    Business

    Deloitte optimistic government will achieve 2025 GDP growth target of 4.0%

    August 3, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Obour urges Asante Akyem South residents to support New MCE

    May 22, 2025

    Mohammed Kudus takes number 20 shirt for new Tottenham Hotspur Journey

    July 11, 2025

    Jerry Afriyie hit brace for CD Lugo in a ‘tearful’ defeat in his first league start

    March 10, 2025

    Benjamin Asare extends his contract at Hearts of Oak – Check key reasons

    April 11, 2025

    Help assembly achieve it development goals …new members urged

    April 22, 2025
    Categories
    • Business
    • Entertainment
    • Ghana News
    • News Updates
    • Politics
    • Sports
    Most Popular

    Ace Ankomah moves to enforce GH¢2.95m defamation judgment against Kevin Taylor

    August 3, 2025

    GBA Bartenders Masterclass returns to redefine mixology in Ghana

    February 2, 2025

    Breaking News: Unknown person stabbed Asante Kotoko diehard supporter Pooley to death

    February 2, 2025
    Our Picks

    Pharmaceutical Society of Ghana to hold Pharma Excellence Awards in March 2025

    February 17, 2025

    Bank of Ghana launches comprehensive audit of remittance activities

    February 20, 2025

    Stop external influence in Black Stars call-ups – Otumfuo tells Kofi Adams

    February 15, 2025
    Categories
    • Business
    • Entertainment
    • Ghana News
    • News Updates
    • Politics
    • Sports
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Zamzamupdate.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.