The government and Organised Labour have agreed on a 15% cost of living allowance (COLA) to be paid to all public sector workers effective 1 July 2022.
According to the agreement, “all industrial actions and threats of same will be called off immediately and that all labour unions will return to work forthwith.”
This follows three days of meeting between the government and the labour unions since the demand for COLA started.
“The Cost of Living Allowance (COLA) will be paid at a rate of 15% of base pay that the effective date of the payment of COLA is 1 July 2022, ” Employment and Labour Relations Minister, Ignatius Baffuor Awuah announced at a press briefing on Thursday.
“Government and organised Labour have concluded negotiations for Cost of Living Allowance. A 15% allowance has been agreed effective July 1. Government is keen on mitigating the impact of global challenges on the people of Ghana, ” Information Minister Kojo Oppong Nkrumah said in Facebook post.
SOURCE: NEWS AGENCIES