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