TUC Wants End To Real Wage Decline Next Year | General News

Even though the minimum wage was increased by 8 percent in 2022, the unusually high inflation of 40.4 percent has washed-out any gains on wages.

In July, public sector workers received a Cost-of-Living Allowance (COLA) of 15 percent, but that has been dwarfed by current inflation hikes.

The Union however concluded that while the IMF program will be key to resolving some immediate economic challenges facing Ghana, it will not address the country's long-term development needs.

It, therefore, recommends government to: focus on transforming agriculture; adding value to commodities; improve road and transportation networks; and improving access to and quality of education and health delivery.