Gov’t, organised labour agree on 15% COLA
A 15% Cost of Living Allowance has been agreed upon by the government and Organized Labor (COLA).
This will be paid at a rate of 15% of the basic salary beginning on July 1, 2022.
On Thursday night, the government side and Organized Labor finished their negotiations.
This information was released to the media on Thursday night in Accra (July 14, 2022).
Although organized labor had called for a 20% COLA, it was reduced from 20% to 15%.
For instance, on July 4, 2022, employees in the educational sector began a strike in protest of the COLA.
Following the signing of the statement, Dr. Anthony Yaw Baah, Secretary General of the Trade Unions Congress (TUC), urged the workers who went on strike in the education sector last week to put pressure on the government to reinstate the COLA.
Ignatius Baffour Awuah, the Minister of Employment and Labor Relations, stated during a news conference on Thursday night that “at the end of the negotiations they came up with a joint communique.”
Mr. Ignatius Baffour Awuah, the Minister of Finance, Ken Ofori-Atta, Dr. Yaw Baah for the TUC, Benjamin Arthur for the Fair Wages and Salaries Commission (FWSC), and Perpetual Ofori-Ampofo, President of the Ghana Registered Nurses and Midwives Association, all signed the statement at the press conference (GRNMA).
To discuss their requests for the payment of cost of living allowance (COLA) to members, the leadership of Organized Labor was summoned to a meeting by the Ministry of Employment and Labour Relations.
A copy of the official statement is provided below.