Finance Minister Ken Ofori-Atta says load shedding popularly known 'Dumsor' in the country has been stabilised.

In his Mid-year Budget Review to Parliament Thursday, he stated that government has made excess expenditure towards stabilising power in the country.

"It is clear to our fellow Ghanaians by now that we have enjoyed three and half years of reliable and cheaper power," he stated.

He, however, added that payment was not made for stabilization of power but also for power not used under very questionable contractual obligations inherited by the NPP.

We have spent in excess of GH¢4.7 billion on capacity payments, not only to ensure that we keep the lights on, but also pay for power we do not use under very questionable contractual obligations we inherited.

Both the opposition NDC and governing NPP have been claiming credit for fixing the country's load shedding problem.

In 2016, then president John Mahama said he has kept his promise to end a four-year power crisis that crippled businesses and left many jobless.

Delivering his 2016 State of the Nation Address in Parliament he expressed his excitement at dealing with the nagging problem.

He said, “I stood before this very august house and promised to fix the power sector deficit that at the time had become a significant constraint to the economic growth and a destruction to Ghanaians both home and at work.

“This was a time of considerable national anxiety. The deficit brought about a severe power rationing and I was very much concerned. Ghanaians had to sleep in darkness or spend money to fuel generators.

Businesses faced challenges, and I expressed my full regret to the nation and I took full responsibility as President and leader of this nation and commander in chief,” he added.

But the Finance Minister said the Akufo-Addo government fixed the problem.