The government and Organised Labour have agreed on a 15 per cent Cost of Living Allowance (COLA).
The agreement takes effect from July 1, 2022 and will be paid at a rate of 15 per cent of base pay.
The development comes after negotiations between the government and Organised Labour concluded on Thursday evening.
An agreement signed by the parties at the end of the meeting said the COLA will be paid at a 15% base rate.
That the date for payment is July 1, 2022 and that all industrial actions and threats of same will be called off.
Public Services Workers were set to join striking teachers in the country on July 19 to demand improvement in their emoluments and resolution of outstanding issues bordering on workers compensation.
A statement signed by Public Services Workers Union (PSWU) General Secretary, Bernard Adjei said the decision to strike was taken at an Emergency Meeting of its Management Committee and representatives from the over 65 institutions that make up the union.
This was days after pre-tertiary teacher unions in Ghana declared an indefinite strike action over what they say is failure on the part of government to pay the cost of living allowance (COLA) they asked for.
Find details of the agreement below