Burkina Faso hikes minimum monthly wage by 46.5 per cent up from $51
Burkina Faso has adopted a decree increasing minimum monthly wage to up $75 from $51, few days following talks between Labors Unions and the National council of private employers.
The measure, Sika Finance reports, does not apply for the agriculture sector.
Labor Unions late last month inked a deal with the country’s private employers’ Council for the increase of the salaries to weather increasing life cost. The Unions targeted an increase to nearly $100.
The decision by the cabinet of President Captain Ibrahim Traore aims at protecting the purchase power of populations amid raising prices of food commodities.
Several countries in the region members of the FR CFA grouping UEMOA have also recently hiked minimum wages.
The grouping power house Cote d’Ivoire increased it by 25 per cent up from $100, 30 per cent increase in Benin up from $66.4. Togo also increased the minimum monthly wage from $58 to $86.4.