President Akufo-Addo has asked Ghanaians to exercise patience as his administration is working hard to ensure that the cost of power is reduced.

He explained that his administration inherited huge debt in the energy sector, stressing that the intolerable debt almost paralysed the sector.

“A lot of hard work has gone into easing the intolerable debt situation that threatened to paralyse the energy industry, ” he said.

Delivering the 2018 State of the Nation Address(SONA) on the floor of Parliament Thursday, January 8, 2018 President Akufo-Addo said despite the effort being made by his administration in the energy sector, “We still have problems with the cost of power, and we are working to put Ghana at a competitive advantage.”

“We intend to find private sector operators to buy into the state owned thermal plants, and inject the capital needed to bring power tariffs down for both domestic and commercial consumers,” he added.

The President made a strong case for the country to diversify its energy sources by investing in the renewable energy sources so as to make the cost of electricity cheaper.

“The most reliable and ultimately cheapest answer to our power need lies with renewable energy sources. We should promote and enthusiastically encourage investment and use of renewable energy,” the President stated.

President Akufo-Addo applauded the effort of the Minister of Energy Mr Boakye Agyarko for his tireless efforts in ensuring that the power crisis which was christened as ” dumsor” during the previous regime become a thing of the past.

“I am sure that the House shares my relief that DUMSOR is no longer part of our everyday lexicon. Long may it stay so,” he said amidst jubilation from the majority side of the Parliament.