15% COLA hits workers’ account

Workers across the country have started receiving the monthly 15 per cent Cost of Living Allowance (COLA) agreed upon between the government and Organised Labour.

The Controller and Accountant General’s Department (CAGD) credited workers account with the allowance today (August 29, 2022).

The July 2022 arrears and that of August 2022 were paid together.

The total amount paid for COLA for the two months is about GH¢485million, Graphic Online has gathered.

The government and Organised Labour agreed for the allowance, to be paid at a rate of 15 per cent of base pay and to take effect from July 1, 2022.

The negotiations between the government side and Organised Labour concluded on Thursday, July 14, 2022.

Organised Labour had initially demanded a 20 per cent COLA but it was slashed by five per cent to 15 per cent.

Workers in the educational sector for instance embarked on an industrial action on July 4, 2022 in relation to the COLA.

Source: graphic.com.gh

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