The government and organised labour have agreed on a 15% cost of living allowance (COLA) to be paid to all members of the organised labour.
The agreement follows three days crunch meeting between the government and the leadership of the labour unions.
It comes on the back of two weeks of a nationwide strike by various worker unions, including the four teacher unions, the Ghana Medical Association, and the Public Sector Workers Union, among others, demanding the payment of 20 per cent of their basic salaries as Cost of Living Allowance (COLA) due to the current economic situation in the country.
However, after fruitful talks on Thursday, July 14, 2022, both parties have agreed on a 15% COLA, effective from July 1, 2022 retrospectively.
According to the agreement, “all industrial actions underway and threats of same will be called off immediately and that labour will return to work forthwith.”
Below is the full statement