Skip to content. | Skip to navigation

You are here: Home / Salary / Minimum Wages / Minimum Wage Timeline

 

Minimum Wage Timeline (1963 -2012)

 

 

Year

Nominal Daily Minimum Wage (Cedis)

Percentage Change

December Inflation

Nominal Exchange Rate

(US$)

Monthly National Minimum Wage (Cedis)

Monthly National Minimum Wage (US$)

1963

0.65

-

 

0.71

17.55

25

1964

0.65

         -  

 

0.71

17.55

25

1965

0.65

 

 

0.71

17.55

25

1966

0.65

               -  

 

0.71

17.55

25

1967

0.70

      7.69

 

0.84

18.9

23

1968

0.75

       7.14

 

1.02

18.9

19

1969

0.75

             -  

 

1.02

18.9

19

1970

0.75

             -  

 

1.02

18.9

19

1971

0.75

             -  

 

1.03

18.9

19

1972

1

   33.33

 

1.32

27

20

1973

1

           -  

 

1.16

27

23

1974

  2.00

   00.00

 

1.15

54

47

1975

2

            -  

 

1.15

54

47

1976

2

            -  

 

1.15

54

47

1977

2

            -  

 

1.15

54

47

1978

4

    0.00

 

1.15

108

94

1979

4

            -  

 

2.75

108

39

1980

4

            -  

 

2.75

108

39

1981

12

  200.00

 

2.75

324

118

1982

12

             -   

 

2.75

324

118

1983

25

    108.33

 

3.45

675

196

1984

35

    40.00

 

35.34

945

27

1985

70

  100.00

 

54.05

1890

35

1986

90

    28.57

 

89.29

2430

27

1987

112

 24.44

 

147.06

3024

21

1988

170

   51.79

 

202.34

3949

20

1989

218

    28.24

 

270.01

4590

17

1990

460

   111.01

 

326.28

5886

18

1991

460

             -  

 

367.73

12420

34

1992

460

             -  

 

437.09

12420

28

1993

790

    71.74

 

648.98

12420

19

1994

1200

    51.90

 

956.73

21330

22

1995

1700

    41.67

 

1200.4

32400

27

1996

2000

    17.65

 

1637.24

45900

28

1997

2000

             -  

 

2050.28

54000

26

1998

2000

             -  

 

2314.15

54000

23

1999

2900

    45.00

 

3500.69

78300

22

2000

4200

    44.83

40.50

6820

113400

17

2001

5500

    30.95

21.30

7000

148500

21

2002

7150

    30.00

15.20

8000

193050

25

2003

9200

    28.67

23.60

8500

248,400

29

2004

11,200

    21.74

11.80

8,971

302,400

34

2005

13,500

    20.54

14.80

9074.06

364,500

40

2006

16,000

    18.52

10.50

9175.86

432,000

47

2007

19,000

    18.75

12.75

9357

513,000

54

2008

2.25p** 

18.42

18.13

1.06

GH¢60.75

57

2009

2.65

   17.78

15.97

1.40

71.69

51

2010

3.11

    17.36

8.58

1.45

83.97

57.9

2011

3.73

19.93

8.58

1.49

100.71

67.43

2012

4.48

20.00

-

 

120.96

 

 

Notes

  • Monthly minimum wage figures are calculated as daily minimum wage × 27
  • Exchange rate are inter bank exchange rates
  • * From July
  • **New Ghana Cedis (GH¢)

 

Source

  • Exchange rates were obtained from the Bank of Ghana
  • Minimum wage data were obtained from the Ghana Trades Union Congress
Share |