Organised Labour Rejects Government’s Proposal To Offer COLA For 2024

Organised Labour Rejects Government’s Proposal To Offer COLA For 2024

Organised Labour has raised its voice against the government’s proposal to introduce a Cost of Living Allowance (COLA) in the upcoming salary negotiations for public sector employees.

The concept of COLA, designed to offer interim relief when immediate salary adjustments are unfeasible, has not found favour with Organised Labour.

They argue that it would have a limited impact on pension disbursements and other associated benefits.

Mr. Joshua Ansah, Deputy General Secretary of the Trade Union Congress (TUC), reiterated their position, asserting that they are advocating for substantial salary increments instead of settling for a mere COLA.

Addressing the media, Mr. Ansah emphasized, “choosing COLA would not be in our best interest as it doesn’t affect our pensions or overall earnings. Our priority is to secure fair compensation for our rightful efforts. Additionally, if the government involves the IMF, it should safeguard our national minimum wage from any adverse implications.”

 

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