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Gov’t has paid a total of GHc485,000,000.00 Cost of Living Allowance (COLA) to public sector employees

Gov’t has paid a total of GHc485,000,000.00 Cost of Living Allowance (COLA) to public sector employees

The government has paid a total of 485,000,000 Ghana Cedis (GHc485,000,000.00) in Cost of Living Allowance (COLA) to public sector employees.

This is stated in a statement made on August 29, 2022 by the Controller and Accountant-Department General’s (CAGD).

According to the release, “the Controller and Accountant-General has paid the Cost of Living Allowance (COLA) to workers in Public Service Institutions, pursuant to the approval given by the Ministry of Finance on 1st August 2022, following the Agreement signed between Government and Organized Labour on 14th July, 2022.”

It should be noted that during this year’s May Day celebrations, the Trades Union Congress (TUC) called on the government to provide public sector workers with a 20% cost of living allowance (COLA).

According to the TUC, this would assist improve the condition of public sector workers across the country, given to the country’s current suffering.

As a result, several public sector employees threatened to leave if the government did not pay the COLA.

Following a meeting of the tripartite committee, which agreed on a 15% COLA beginning July 1, 2022, the strike was called off.

“The COLA, which equals fifteen percent (15%) of the 2022 basic wage, was paid for the months of July and August,” according to a CAGD statement.

Full statement

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