2024 Salary Negotiations: Salaries To Increase By 23%

2024 Salary Negotiations:

In response to extensive salary negotiations with Organized Labour, the government has hinted that salaries are to increase by 23% for public sector workers in 2024.

This primary adjustment will be effective from January 1, 2024, to June 2024. This aims to curb economic conditions and enhance the well-being of these workers.

Minister for Employment and Labour Relations, Ignatius Baffour Awuah, passed this message across. He also maintained that it results from careful considerations aligning with agreements, including those with the International Monetary Fund (IMF).

He focused on the fact that the base salaries would further increase by an additional 2% from July 2024 to December 2024, resulting in a total 25% increase.

During tripartite negotiations, it was mutually agreed that the minimum wage undergo a substantial 22% upward review, elevating it from 14.88 to GH18.15.

Dr. Yaw Baah, Secretary General of the Trades Union Congress, was optimistic about the government’s devotion to the execution of these decisions.

This move follows the government’s prior decision to increase the base pay on the Single Spine Salary Structure by 30% for all public sector workers from January 1, 2023.

As we approach 2024, these salary negotiations characterize a big step towards economic stability. It also ensures fair compensation for public sector employees.

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