How much teachers are actually getting for the 15% COLA

The government and the Teacher Unions have finally agreed for 15% cost of living allowance (COLA) effective July 2022.

This new development has led to many teachers asking how much money will reflect on their payslip. It is worth noting that the 15% is calculated on the basic salary and not the gross salary.

Lets assume, teacher A has a basic salary of Ghs 2,000. 15% of Ghs 2000 equates to Ghs 300.

This allowance is actually equal to the retention premium on the payslip since that is also 15%.

Subscribe to this blog and follow us on facebook


Teacher, Blogger, Comic writer, riveting stories concerning the Ghanaian citizenry and the world at large.

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button