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.