The Ghana National Petroleum Corporation (GNPC) has been described as “can of worms” which must be opened up and thoroughly audited to appreciate the extent of the rot happening in the state institution under the management of Dr. Kofi Kodua Sarpong, its Chief Executive Officer (CEO). They mentioned procurement issues, property rentals, renovation works among others, as issues of concern, which are ongoing at the Corporation and need the urgent attention of the President, Nana Akufo-Addo, because they don’t see the Energy Minister, Mathew Opoku Prempeh, as leading a crackdown exercise at GNPC to stop the financial hemorrhage. The demands are coming on the heels of revelation by the Executive Director of the Africa Centre for Energy Policy (ACEP) Ben Boakye that Dr Sarpong, while leaving the Tema Oil Refinery (TOR) as Managing Director, left behind a debt of US$1.4 billion from a debt of about US$400 million. The ACEP boss said, “In 2015, a government committee, with the Bureau of National Investigations (BNI) and KPMG, recommended further investigation into the debt and use of funds at TOR. However, as vulnerable as the Ghanaian public is, he gets rewarded with a more significant portfolio in GNPC”. Insiders, have painted a picture of an institution that is decaying, tardy and unproductive, which must be salvaged from the current management of Dr. Sarpong, and board of directors led by the National Chairman of the governing New Patriotic Party (NPP), Freddie Worsemawu Blay, who has just been retained. Also of particular interest to the GNPC insiders, are the reckless use of funds in the name of the GNPC Foundation headed by Ogyeahohoo Yaw Gyebi II, the Paramount Chief of Sefwi Anhwiaso traditional area, who doubles as the President of the National House of Chiefs and the granting of scholarship packages. Interestingly, Ogyeahohoo Yaw Gyebi II, who is on the GNPC board, is also a member of the Public Interest and Accountability Committee (PIAC); an independent statutory body mandated to promote transparency and accountability in the management of petroleum revenues in Ghana, but many insiders, say his management of the GNPC Foundation, must be probed. PIAC, until recently was chaired by Dr. Steve Manteaw, but it doesn’t appear to have looked into the operations of GNPC. Also cited to The Herald, was the employment of cronies, which has bloated the workforce of GNPC. Both the current board and management, have been in charge of the Corporation in the last four years, but many of the workers; both retired and serving, insist there is no clear direction for the strategic state institution. For instance, the workers alleged that the GNPC Foundation, has recorded lots of mismanagement of funds in the award of scholarships. There are claims of politicians eating from funds allotted from the foundation, while the children of cronies of various managers, are on one scholarship or the other. This paper learnt that, the Corporation has recorded some procurement issues in recent times. Mention was made of a building at a suburb of Takoradi in the Western Region bought from the owners of Global Haulage, whose financial institution; Royal Bank, the GNPC Chief Executive had worked with before its collapse, following the clean-up of the banking sector. The Global Haulage building, this paper learnt, was bought for nearly US$8 million. What is interesting is that at the time of purchasing the Global Haulage building, GNPC, had almost completed a building project which started under the management of Alex Mould during the John Mahama administration. The uncompleted building, The Herald, learnt has been left to the vagaries of the weather. Furthermore, mention has also been made of the renting of a building facility from one John Taylor at Tema, near the Petroleum House, which has been under renovation for years now without any end in sight. Indeed, many say the renovation work, had been abandoned, while GNPC continuous to cough up outrageous amounts in United States Dollars to settle the said Mr Taylor for the use of his building to house officials of the corporation. The cost of the rent, according to insiders, is running into millions of dollars, since GNPC occupied it some years ago, and there is no effort to stop the financial hemorrhage by completing the Petroleum House renovation works for the workers to return. The last four years, has seen lots of staff recruitments into the Corporation, but The Herald was told, most of these staff, are not technically inclined to assist in the core mandate of GNPC. They are said to be largely administrative staff. The Freddie Blay board, is also mentioned as lacking technical expertise, hence difficult to monitor and evaluate the work of the management led by Dr. KK Sarpong, and to the insiders the return of the board will not bring anything of value to the country. Freddie Blay, is cited as sleeping on the job and signing many documents without reading them. Also mentioned is the construction of numerous facilities at educational institutions in the country, including the GHS12 million University of Mines and Energy (UMaT) and the US$5 million GNPC School of Governance and Law at the University of Cape Coast (UCC) in the name of getting GNPC Professorial Chairs in four public universities as some of the procurements which must be probed. About two weeks ago, the Executive Director of the Africa Centre for Energy Policy (ACEP) hit hard at the GNPC boss, Dr. Sarpong, for insulting Civil Society Organizations (CSOs) over the US$1.65 billion controversial GNPC- AGM Petroleum and Aker Energy oil deal. Benjamin Boakye in an open letter, suggested that Dr. Sarpong’s escapades and incompetence at the Ghana Cocoa Board (COCOBOD) and Tema Oil Refinery (TOR) were such that he should not have gotten any other public appointment, but he was rather given another job at GNPC. “TOR was handed to Dr Sarpong with a total debt of about $400 million. At the time, the State needed the genius to save the company. Not only that, the public was billed, through