Minimum wage increased by 71 pesewas

The National Tripartite Committee (NTC) has increased the National Daily Minimum Wage to ¢12.53, which is a 6% increment from the 2020 figure of ¢11.82.

The increment comes after the NTC met to deliberate.

The determination of the national minimum wage is in accordance with Section 113 (1) (a) of the Labour Act, 2003 (Act 651).

It was also concluded that in the year 2022, the National Daily Minimum Wage would be pegged at ¢13.53, an 8% increment on the 2021 figure.

A statement issued by the NTC further indicated that the Covid-19 pandemic and its attendant economic hardships strongly influenced the increment.

The National Daily Minimum Wage rate for 2021 is to come into effect starting June 4, 2021, whereas that for 2022 comes into effect, January 1, 2022.

Thus, the Committee directed all organisations whose Daily Minimum Wage is below the 2021 National Daily Minimum Wage to adjust their rates accordingly with effect from June 4.

“Any establishment, institution, or organization that flouts the new rate shall be sanctioned in accordance with the law,” it added.

“The NTC wishes to reiterate its commitment to strengthening social partnership, industrial peace, and the improvement of incomes and productivity in both public and private sectors of the economy,” the NTC said.

By: Rainbowradioonline.com

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