75.1% Against 15% – 2024 Minimum Wage and Salary Negotiations Update in Ghana November

The Minister for Labour, Bright Wireko-Brobby, has revealed that the government and labor unions in Ghana are yet to reach conclusive agreements on the 2024 minimum wage and salary negotiations. Despite the impending budget reading on November 15th, the Minister emphasized ongoing consultations between the two parties.

To address the delay, a meeting with the Finance Minister is scheduled, highlighting the significance of resolving these negotiations before the budget presentation. The Minister explained that background consultations have been underway in preparation for these crucial discussions.

Next Meeting

Anticipating progress, the Labour Unions and the Government are set to reconvene on November 14th, 2023, for further negotiations. The inclusive meeting concluded, with both sides expressing their positions.

On the labor side, Mr. Josuah Ansah reported a proposal of 75.1%, later adjusted to 60%, while the Government is pushing for a 15% increment. The hope is for an agreement to be reached during the upcoming meeting, emphasizing that the budget should not compel the acceptance of unfavorable terms.

Notably, the Labour Union is requesting a 75.1% increment but is open to reducing it to 60%, whereas the Government is advocating for a 15% adjustment.

The Government remains optimistic that inflation will decrease in the coming year.

In retrospect, the minimum wage percentages in previous years were as follows:

• 2023: 10% (14.88 cedis)
• 2022: 8% (GHS 13.53)
• 2021: 6% (¢12.53)
• 2020: 11% (¢11.82.3)
• 2019: 10% (10.65 cedis)
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New Update; 14th Nov.Update on 2024 Minimum wage and Public Sector Base Pay Negotiations

Public Sector Salary Trends

Separately, public sector salary negotiations witnessed a 30% increment last year, with the preceding two years having increments of 4% and 7%, respectively.

It’s important to note that the minimum wage percentage does not directly correlate with the salary increment percentage.