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Payment Of COLA For Teachers In Ghana, Full Details
Here is what you need to know about the payment of COLA For Teachers in Ghana, how to calculate COLA, when the first payment will be made, and the meaning of COLA
This very article entails what COLA is including their resolution with the Government after sitting for addressing the strike action.
About Payment Of COLA For Teachers in Ghana
In Ghana, the Abbreviation COLA means Cost Of Living Allowance. It is a benefit cut given to government employees in a situation where salary cannot be increased immediately.
Why are teachers demanding COLA in Ghana?
Teachers are due the COLA payment either in the difficult economic crisis of the country, Ghana. Since the government can’t increase their salary in this hard times, COLA is and can not be taken/affected by the economic crisis.
Due to the constant hardship, depreciation, and rising of cost of living in the country, teacher associations are demanded for COLA.
Because the increment of salaries would be difficult for the government, the teacher associations taught it wise to tackle and demand what is due them through the strike action hence, basing it on COLA. it would be easier to get the government to pay 20% COLA for teachers than a 20% raise in salary because the COLA is only temporary and can be canceled as soon as there is an increase in wages.
In Ghana, the issue of COLA payment for Teachers is not new For the past governments, there exist the same challenges.
Governments in the past have paid COLA for up to three years without raising salaries. Upon the payment of salaries, the COLA was halted.
How to Calculate COLA For Teachers In Ghana
Here is how to calculate your Cost Of Living Allowance (COLA)
When will the payment of COLA for Teachers Starts?
According to a press release by the Fair Wages and Salaries Commission, the effective date for the implementation of the COLA is 1st, July 2022.
This implies that all things being equal, teachers will start receiving their 15% COLA from July ending.
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