COLA: Payment, Terms And Conditions

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The Authorities of Ghana and Organized Labour have efficiently reached an settlement and authorized a fifteen p.c (15%) Value of Dwelling Allowance for all public sector staff within the nation.

This proportion shall be calculated on the bottom pay of presidency staff to help their wage and cushion them as a result of present hike in costs and expenditure.

The Trainer Unions who had been purported to signify the curiosity of all Ghana Education Service (GES) staff, on July 14, deferred each dialogue on the Value of Dwelling Allowance (COLA) to Organized Labour.

The reason is that, earlier conferences with authorities noticed the representatives of the instructor unions unable to succeed in a consensus.

These Union leaders stormed out of such conferences, complaining that authorities failed on such events to make any proposals.

By deferring each dialogue on the Value of Dwelling Allowance (COLA) to Organized Labour, the varied instructor unions legally agreed to do the biding of what they settle for on the assembly, with its phrases.

By accepting 15% COLA at a meeting held on July 14 by Organized Labour, lecturers in Ghana additionally agreed to it though they weren’t current on the dialogue.

The phrases and situations these lecturers accepted by deferring each dialogue on the Value of Dwelling Allowance (COLA) to Organized Labour are as follows:

1. That the Value of Dwelling Allowance (COLA) shall be paid at a fee of 15% of base pay.

2. That the efficient date for cost of the COLA is July 1, 2022.

3. That every one industrial actions underway and threats of similar shall be known as off instantly, and that Labour would return to work forthwith.

From the above said phrases, lecturers are to return to the classroom to start instructing.

How To Calculate 15% COLA On Base Pay

1. Go to your gogpayslip dashboard.

2. Generate June 2022 payslip.

3. Word the quantity you’re taking as “Single Spine Monthly Salary”.

4. Divide fifteen (15) by 100 (100) and multiply by your Single Backbone Month-to-month Wage. Instance: 15 ÷ 100 x GH¢2,400 = GH¢ 360.

It’s to be famous that this 15% Value of Dwelling Allowance has no affect in your Social Security and National Insurance Trust (SSNIT) contribution.

Supply: Adesuafie.com

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