A 15% Cost of Living Allowance has been agreed upon by the government and Organized Labor (COLA).
From July 1, 2022, until the conclusion of the subsequent negotiations, this is in force.
On Thursday night, the government side and Organized Labor finished their negotiations.
This was made known at a press briefing in Accra on Thursday evening (July 14, 2022).
Organised Labour had 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.
Following the signing of the statement, Dr. 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, and Dr. Yaw Baah for the TUC all signed the statement at the press conference.
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.
Here is a copy of the statement.
