The Controller and Accountant General’s Department (CAGD) through a press statement has confirmed that an amount of Ghc485 million has been paid as Cost Of Living Allowance to public sector workers for the month of July and August.
The various worker unions, including the four teacher unions, the Ghana Medical Association, and the Public Sector Workers Union, among others, demanded the payment of 20 percent of their basic salaries as Cost of Living Allowance (COLA) due to the current economic situation in the country.
Negotiations dragged on for over two weeks, compelling CCT, GNAT, NAGRAT, and TEWU to embark on industrial action to insist on their demands.
Government in July 2022 reached an agreement with organised labour for the payment of COLA after a long period of strike.
Below is the statement from the Controller and Accountant General that confirmed the payment
1. 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, the Controller and Accountant-General has paid the Cost of Living Allowance (COLA) to workers in Public Service Institutions.
2. The COLA which represents fifteen percent (15%) of the 2022 basic salary was paid for the months of July and August.
3. The total amount paid for COLA for the two months is Four Hundred and Eighty-Five Million Ghana Cedis (GH¢485,000,000.00).