July 15, 2022

Gov’t Agrees To Pay COLA

The government of Ghana and Organised Labour have reached a consensus on the payment of the Cost of Living Allowance (COLA).

The agreement was reached on July 14, 2022, when the government met with Organised Labour to negotiate their demand for a 20% COLA.

The consensus birthed a 15% COLA.

A copy of the agreement sighted by opemsuo.com had three terms of the agreement.

“That the Cost of Living Allowance will be paid at a rate of 15% of base pay. That the effective date for payment of COLA is July 1, 2022, That all industrial actions underway and threats of the same will be called off immediately, and that the Labour would return to work forthwith”.

The agreement document was signed by the Minister for Employment and Labour Relations, the Finance Minister, and the CEO of the Fair Wages and Salaries on the side of the Employer and General Secretary of the Trades Union Congress (TUC) and President of GRNMA on behalf of Organised Labour.

Source: opemsuo.com/Hajara Fuseini

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