The National Treasurer of the New Patriotic Party (NPP), Dr Charles Dwamena, has said his outfit is rolling out initiatives to generate more funds for the party.

Once they are successful, an amount of $60 million will be raised annually to finance all major projects and policies of the NPP.

In an interview with Roselyn Felli on Prime Morning, he was hopeful they can accumulate ¢30 million monthly towards meeting that target of $60 million per annum.

He, however, did not state what specific mechanisms will be used in achieving that but “I believe we are more than capable.”

“For me, it’s a clear cut for me to raise at least $60 million each year for the party and that is the task we’ve set upon ourselves. You can’t go about raising money without appreciating people who are donating; you can’t go about raising money without enhancing transparency and accountability; you can’t go about raising that amount of money without training the people.

“Once that happens and we have that amount of money, we will be able to resource the party then the other officers will have the needed funds [to undertake their projects],” he said on Monday, July 25.

Among other factors, Dr Dwamena pledged to work towards enhancing transparency and accountability.

“I believe in continuity; my predecessor – Mr Abankwah Yeboah - has done very well, he’s served the party for eight solid years and he’s done fantastically well.

“It’s based on the records of the outgone executives that we’ve taken off from. We seek to improve upon whatever they’ve left us.”

He also noted that measures will be instituted to make payments within the party flexible and convenient, whereas the party’s sources of revenue will be streamlined.

Having done that, former executive members, people still serving the party and party members – in general – will be empowered through a number of policy and welfare programmes, business incubation funds, among others.

Dr China, as he is popularly known, reckoned that there would be “little allowances and stipends” to empower constituency executives and officers of the party.

“We are looking at making sure anybody who supports the party financially is appreciated and recognised. We’d also ensure that we train all of us from the constituency level upwards in political financing because there is a clear difference between corporate financing and political financing,” he added.