When Will COLA Be Paid

The government has agreed to pay a 15% COLA with effect from 1st July , 2022 after a meeting with Organised Labour.

The COLA will be paid at a rate of 15% of base pay.

This is as made known at a press briefing in Accra on Thursday July 14th, 2022 after negotiations between the government and Organised Labour was concluded.

 

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About COLA

  • Teaching and non teaching staff in Ghana embarked on strike on July 4th, 2022 demanding a COLA 20% from government.
  • Their leadership represented by Organised Labour had insisted on a 20% COLA however during the negotiations it was reduced by 5% to make it 15%.
  • An earlier meeting between government and the leadership of teacher unions ended in a walkout by leadership of teacher unions.
  • However after another meeting in Accra on Thursday July 14th, 2022, negotiations were fruitful and government agreed to pay a 15%

 

When Will COLA Be Paid

  • Since the 15% COLA takes effect from 1st July , 2022 it will be paid by the end of July
  • The 15% cola is most likely be added to the salary of July
  • All things being equal, the Govt 15% cola will be paid by 31st July , 2022

 

How To Calculate 15% COLA

 

What Is Base Pay

 

Mark Kofi Miller

I am an IT tutor, a programmer, a web developer, a digital marketing strategist and a tech enthusiast. I am an IT graduate. I love to teach and share positive information and as such I am into blogging to share my knowledge.

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