The Ghanaian government has announced an increase to the minimum wage from 14.88 GHS to 18.15 GHS. This is effective as of January 1st, 2024.
This increment will have a direct effect on the SSNIT maximum and minimum insurable earnings as well as the minimum and maximum contributions payable to SSNIT for 2024.
More information will follow upon promulgation of this increase.
Scenarios can arise where the requirement for different minimum wage rates are applicable in different sectors and industries. To add minimum wage rates other than the system default rate users can navigate to Config > Basic Settings > Dropdown ...
The higher of the Wage Regulating Measure or the National Minimum Wage Rate should be applied as the ETI minimum wage. Note! The employee must earn at least the minimum wage as specified by the higher of the National Minimum Wage Act OR a wage ...
Effective January 1st, 2022, Ghana increased its daily minimum wage to GHS 13.53 per day, as announced by the National Tripartite Committee. This change affects the minimum amount on which the minimum Social Security and National Insurance Trust ...
No. If the ETI Minimum Wage Rate per Hour component is configured on company level, but not employee level, the system will not initiate the ETI calculation in the background. Navigate > Employee > Payroll Processing > Recurring Payroll Components > ...
This feature is available on all PaySpace editions The ETI Minimum Wage Rate Per Hour component has to be setup on company level to indicate the minimum wage applicable to the employee as per the national minimum wage or a wage regulating measure. ...