The Controller and Accountant -General has paid the Cost-of-Living Allowance (COLA) to workers in the Public Service Institution following the Agreement signed between Government and Organised Labour on July 14, 2022.
In a statement released yesterday August 29, the COLA which represents fifteen percent of the 2022 basic salary was paid for the months of July and August.
“The total amount paid for COLA for the two months is four hundred and eighty-five million Ghana cedis (GHc 485,000,000.00),” the statement said.
Four teacher unions in Ghana have declared an indefinite strike over their COLA.
Ghana National Association of Teachers, National Association of Graduate Teachers, Coalition of Concerned Teachers-Ghana and the Teachers and Educational Workers Union.
Teachers fought for a COLA of 20 percent to 30 percent of their salary.
However, the government agreed on 15 percent COLA, which was approved by the Ministry of Finance on August 1, 2022.
This, according to the teacher unions will help them cope with the current economic conditions and teachers’ deteriorating situation.