• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Organised Labour secures 25% increment in base pay following negotiations with Gov’t

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
234
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Organised Labour secures 25% increment in base pay following negotiations with Gov’t

Organised Labour has successfully secured a 23% increment in the base pay for the year 2024.

The agreement, set to take effect from January 1, 2024, to June 2024, will see an additional 2% raise from July 2024 to December 2024, bringing the total increase for the year to 25%.

This falls significantly short of the initial demand by Labour for a 75% increment to offset the rising cost of living in the country.

The Minister for Employment and Labour Relations, Ignatius Baffour Awuah, announced the decision, specifying that the minimum wage would be reviewed upwards by 22%, ranging from GH₵14.88 to GH₵18.15.

“We agreed that the minimum wage would be reviewed upwards by 22%, averaging from GH₵14.88 to GH₵18.15…We have concluded that the national base pay will be increased by 23% between 1st January, 2024 to 30 June 2024 and subsequently an additional 2% increment will be added making it 25% from July to December 2024,” remarked the Minister.

Addressing the media after the negotiation, Dr. Yaw Baah, Secretary General of the Trades Union Congress (TUC), expressed optimism about the government’s diligent implementation of the decision.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Dr. Isaac Bampoe Addo, Executive Secretary of the Civil and Local Government Staff Association of Ghana (CLOGSAG), voiced discontent with the increment. He argued that the government should have ample resources to offer a more substantial raise and urged authorities to scrutinize system wastage to facilitate future increments.

“Government upon government, whatever colour it is, has always complained about no money, they’ve given all sorts of reasons but we have resolved that this must change,” he added.

The financial implications and the effectiveness of this agreement in alleviating the economic challenges faced by Ghana’s workforce remain to be seen, as stakeholders continue to assess the impact of this negotiated settlement on the country’s labour landscape.

Tags: base payOrganised LabourOrganised Labour secures 25% increment in base pay following negotiations with Gov't
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.