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Cost of living: Ghana introduces 15% base pay allowance for public workers
The government of Ghana has introduced a 15 percent base pay as cost of living allowance (COLA) for public workers to help residents cope with the country’s harsh economy.
Kojo Oppong Nkrumah, minister of information, Ghana, disclosed this in a tweet on Friday.
Base pay is the initial salary paid to an employee, not including any benefits or bonuses.
Nkrumah said the decision was reached after consultations with the country’s organised labour and other stakeholders.
According to him, the allowance took effect on July 1 — the same day Ghana sought the support of the International Monetary Fund (IMF) for its economic crisis.
“Government and organised Labour have concluded negotiations for Cost of Living Allowance. A 15 percent allowance has been agreed effective July 1. Government is keen on mitigating the impact of global challenges on the people of Ghana,” he said in a tweet.
According to a document seen by newsmen, the government agreed that COLA would be paid at a rate of 15 percent of the base pay of public workers after negotiations between the government and organised labour concluded on Thursday evening.
Ghana is one of the low-income nations currently being battered by the effects of Covid-19 and the war between Russia and Ukraine.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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