The Impact of Minimum Wages on The Ghanaian Economy Since Independence: A Comprehensive Research Review

Asuamah Yeboah, Samuel and James Nyarkoh, Bright (2023): The Impact of Minimum Wages on The Ghanaian Economy Since Independence: A Comprehensive Research Review.

Abstract

This research review examines the impact of minimum wages on the Ghanaian economy since independence. Drawing on a comprehensive analysis of existing literature, empirical studies, and data sources, the review explores the effects of minimum wage policies on employment, wages, income inequality, and economic growth. Additionally, it investigates the differential effects across industries, regions, and population groups, highlighting the complexities and nuances of minimum wage impacts in the Ghanaian context.

• Item Type: MPRA Paper
• Language: English
• Keywords: : economy, minimum wages, Ghanaian employment, informal sector, small and medium enterprises (SMEs), inflation, price levels, income inequality, poverty.
• Subjects: J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure ; Wage Differentials; J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J38 - Public Policy; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa

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