The National Tripartite Committee (NTC) has begun negotiations to determine Ghana’s 2025 Minimum Wage, with the government urging all stakeholders to expedite discussions to ensure timely completion.
A statement issued by the Presidency Communications on Tuesday revealed that negotiations for base pay adjustments for public sector workers will follow once the minimum wage talks are finalized. The statement, signed by Acting Presidential Spokesperson Felix Kwakye Ofosu, emphasized the urgent need to conclude negotiations, which are already behind schedule.
According to the Public Financial Management (PFM) Act, wage discussions should have been finalized by April 2024, allowing for proper planning ahead of the 2025 Budget. However, delays in reaching agreements on both the minimum wage and base pay have raised concerns about potential disruptions to fiscal planning and economic projections.
The government has called on social partners, including representatives from government, employers, and organized labour, to work diligently and reach an agreement without further delays. The urgency of the negotiations is critical to ensuring that wage adjustments are factored into the national budget in time, preventing uncertainty in public sector salary allocations and economic planning.
The National Tripartite Committee plays a crucial role in balancing worker welfare, employer sustainability, and government fiscal responsibility, making these negotiations vital to Ghana’s economic stability.
As discussions continue, all eyes remain on the Tripartite Committee to deliver a resolution that aligns with the needs of workers while maintaining economic sustainability.