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GOVERNMENT PAYS COST OF LIVING (COLA) ALLOWANCE


GOVERNMENT PAYS COST OF LIVING (COLA) ALLOWANCE

Pursuant to the approval given by the Ministry of Finance on 1 August 2022, following the Agreement signed between the Government and Organized Labour on 14th July 2022, the Controller and Accountant-General have paid the Cost of Living Allowance (COLA) to workers in Public Service Institutions.

The COLA which represents fifteen percent (15%) of the 2022 basic salary was paid for the months of July and August.

The total amount paid for COLA for the two months is Four Hundred and Eighty-Five Million Ghana Cedis (GHc485,000,000.00).

Thank you.

SGN.

KWASI KWANING-BOSOMPEM

CONTROLLER AND ACCOUNTANT-GENERA

ABOUT Controller and Accountant-Generals Department

Our Mission

We exist to provide Public Financial Management Services to the Government and the general public through efficient, skilled, well-motivated, and dedicated staff, using the most appropriate technology.

Core Values

Putting customers first

Meeting the needs and aspirations of the Government and the citizenry.

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Serving the whole country

We strive to make our services accessible to all regardless of their location and swiftly respond to the needs and concerns of customers.

Acting with integrity

We will be true to our word and responsibilities and deliver on our promises with honesty, transparency, and openness.

Valuing people

We value people by creating a culture that celebrates excellent service.

Continuous improvement and innovation

We value continuous improvement and innovation as the foundation for improving our service and increasing public satisfaction.

CORE FUNCTIONS

The Controller and Accountant-General’s Department is mandated by the Public Financial Management Act, 2016 (Act 921) to:

  • Receive all Public and Trust monies payable into the Consolidated Fund (done through its staff stationed in all government departments including the revenue-collecting ones).
  • Provide secure custody of Public and Trust monies with the support of the Ministry of Finance and Bank of Ghana.
  • Make disbursements on behalf of the Government. This includes the payment of monthly salaries to government employees in active service; pension gratuity and monthly pension payment to those on retirement; and releases of funds to prosecute government projects and development throughout the country.
  • Establish, on behalf of the government, such accounts with the Bank of Ghana and its agents for the deposit of Public and Trust monies
  • Be solely responsible for the opening of bank accounts for any government department.
  • Keep, prepare, render and publish Financial Statements on the Consolidated Fund of Ghana monthly and annually, not later than three months after the end of the financial year. The Auditor-General is furnished with the necessary financial statements for his scrutiny and onward transmission to Parliament and eventual gazetting.
  • Approve accounting instructions for Government Departments.
  • Promote the development of efficient accounting systems in all Government Departments.
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