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New Minimum Wage now GH˘ 3.11
By Masahudu Ankiilu Kunateh, Ghanadot
Accra, Jan 26, Ghanadot - The Tripartite Committee
comprising Orgainsed Labour, Employers and the Government
has agreed on a new Daily Minimum Wage of GH˘3.11.
The previous daily minimum wage was GH˘2.655, implemented
since April, 2009.
According to Mr. Abraham Coomson of the Trades Union
Congress and a member of the negotiating team, labour had
pencilled a minimum of GH˘4 but had to concede some grounds
during the negotiations.
Discussions have been ongoing since last year.
The committee also agreed on a new income tax-free threshold
of GH˘240 per annum to GH˘1,008 per annum to reduce the
burden on the economy’s formal sector workers.
The new threshold means workers who earn less than GH˘1,800
per annum are exempt from tax. The GH˘240 threshold was
fixed in 2006.
Ghanadot
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BoG closely monitoring Nigeria banking
crisis
Accra, Jan 26, Ghanadot - The Bank of Ghana (BoG)
says it is closely monitoring activities in the Nigerian
banking sector to ensure that the crisis there does not
spread to Ghana.
.More
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A shocking reshuffle of ministerial
portfolio
Accra, Jan 25, Ghanadot - Even though he
denied ever having the intention of reshuffling his
ministers when he interacted with the media at the castle Osu during his one year accounts in office, President Mills
has made a reshuffle to his current team of ministers.....More
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BoG closely monitoring Nigeria
banking crisis
Accra, Jan 26, Ghanadot - The Bank of Ghana (BoG)
says it is closely monitoring activities in the Nigerian
banking sector to ensure that the crisis there does not
spread to Ghana.
.More |
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Investor confidence restored as 3-year
bond is oversubscribed
Accra, Jan 26, Ghanadot - The GH˘200 million three-year
bond issued by government at a 19 percent yield, to raise
development resources as well as deepen the bonds market, has
been oversubscribed by 97.7 percent...
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