An amount of ¢485m paid as Cost-Of-Living-Allowance .......(¢485m)



An amount of ¢485 million has been paid as Cost-of-Living Allowance (CoLA) by the Controller and Accountant General’s Department (CAGD).


The Controller and Accountant  General Department made the announcement in a statement on Monday August 29.

“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 Organized Labor eelier reached a consensus over the cost of living allowance workers were demanding since May.


At a crunch meeting held on Thursday July, 14th, the two parties and their various representatives agreed on the 15%  CoLA.

Organized Labor had initially demanded a 20% percent allowance, for which some worker unions proceeded on strike.


But after deliberations, the workers have agreed to accept 15 percent as COLA for the next few months.


This is expected to cushion them in the face of the rising cost of living in the country. 

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