Coalition of Concerned Teachers are asking for more Cost of Living Allowance (CoLa) as a inflation has risen.
President of the Association King Ali in a reaction to the 15% paid CoLA by the government as agreed in July 2022 said as at the time they agreed to the figure, inflation stood at 29 percent, insinuating the allowance as paid is inadequate.
The President was speaking on 3FM’s Morning Show, Sunrise hosted by Alfred Ocansey said,
“As at the time we were negotiating inflation was 20 something and now it has shot up.”
The statistical service announced Inflation rate for the month of July 2022 as 31.7 per cent, on Wednesday August 10.
This was an increase from the 29.8 per cent recorded in June upon which the labor union negotiated for the Cost of Living Allowance.
The Controller and Accuntant General Department(CAGD) in a statement announced the payment.
“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.
“The COLA which represents fifteen percent (15%) of the 2022 basic salary was paid for the months of July and August. The total amount paid for COLA for the two months is Four Hundred and Eighty-Five Million Ghana Cedis (GH¢485,000,000.00),” the statement said.
The Government and Organised labour at a crunch meeting held on Thursday, July 14, agreed on a 15 percent CoLA.
Organised Labour had initially demanded a 20 percent allowance, for which some worker unions proceeded on strike.