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.
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