Skip to main content

Organised Labour to demand increment in 2024 salaries instead of COLA

 


Organized Labour has said that it will reject the government’s plan to introduce a Cost of Living Allowance (COLA) in next year’s salaries negotiations instead of increasing the salaries of public sector workers.

COLA is an allowance given to government employees as short-term relief when immediate salary increments cannot be made.

Organized Labour says that it is rejecting the COLA because it won’t have any positive effect on pension payments and other benefits.

 

Speaking to journalists in Accra, Deputy General Secretary of the Trade Union Congress (TUC), Joshua Ansah, said that Organized Labour will demand a rise in salary instead of a mere COLA.

I don’t think it will be wise for us to go for COLA because COLA does not affect our pensions, doesn’t affect our earnings. So we think that it is better for us to go straight and get what is due us. And remember that I made the point that if the government wants to go to the IMF we want to caution the government that their decisions and their conditions should not impact our minimum wage in this country and I think that we will stand by that,” he added.

Meanwhile, Organized Labour has also rejected an offer for a monetary compensation package from Sunon Asogli Power Limited rather than reinstating its dismissed local union executives of the Ghana Mineworkers Union of TUC.

Sunon Asogli had offered to pay the dismissed union leaders a total of GH¢1.2 million as compensation, but Organized Labour has rejected the offer, saying that it wants the union leaders reinstated.

Speaking to the media, Deputy Secretary General of the TUC, Joshua Ansah, said that Organized Labour is not ready to “monetize their rights.”

We are not after money. We are fighting for the principle of the rights of workers,” he said.

Ansah also expressed disappointment with Sunon Asogli for refusing to reinstate the union leaders, saying that the company’s decision is “wrongful.”

We are disappointed that Sunon Asogli is refusing to reinstate the union leaders. Their termination was wrongful, and we believe that they should be reinstated,” he said.

Ansah said that Organized Labour will continue to fight for the reinstatement of the union leaders until the right decision is made.

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of