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The Tripartite Committee, comprising organized Labour, Employers and the Government, has agreed on a new daily minimum wage of GH¢3.00 the previous daily minimum wage of GH¢3.11. The previous daily minimum wage of GH¢2.655, was implemented in April 2009. Mr. Abraham Coomson, a member of the negotiating team, told newsmen that Labour had penciled in 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¢1,800 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. The previous daily minimum wage of GH¢2.655, was implemented in April 2009. Mr. Abraham Coomson, a member of the negotiating team, told newsmen that Labour had penciled in 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¢1,800 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.
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| Date: January 26, 2010 | Author: Ghanaian Times/ | View Comments:(0) | |||||||||||||
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