Attijariwafa bank moves into Ghana as RAM bets on ‘made in Morocco’

This update focuses on Attijariwafa bank in Ghana. Attijariwafa bank’s expansion into Ghana and Royal Air Maroc’s new strategy on spare parts mark a quiet yet significant shift for Moroccans who live, work or travel between Morocco and the rest of Africa.

Attijariwafa bank in Ghana: a stronger foothold in English-speaking Africa

According to information made public, Attijariwafa bank has signed an agreement to acquire 55.22% of Société Générale Ghana, becoming its majority shareholder. The French group is selling its entire 60.22% stake, with the remaining 5% expected to go to Ghana’s social security fund SSNIT, already a shareholder.

The deal is still subject to approval by Moroccan and Ghanaian regulators. It is part of a broader retreat by major French banks from several African markets, including Morocco, Cameroon, Guinea and Congo.

With this move into Ghana, Attijariwafa bank in Ghana strengthens the Moroccan group’s strategy in English-speaking Africa. For Moroccans based in West Africa, this expanded presence could eventually make it easier to:

• open bank accounts and manage cash flows across different African countries;
• send funds to finance projects or property back home in Morocco;
• secure financing for businesses created by Moroccans in the region.

It is still too early to know which products will be offered, but this additional foothold boosts the bank’s ability to support trade and investment flows between Morocco, Ghana and neighbouring countries.

Royal Air Maroc doubles down on local sourcing

On 7 October, on the sidelines of the Marrakech Air Show, Royal Air Maroc (RAM) and the Ministry of Industry signed an agreement to increase local sourcing of spare parts for the airline’s fleet.

The objective is to identify parts that can be manufactured in Morocco and to structure a domestic industrial ecosystem around these needs. Until now, the state had mainly targeted global industry giants such as Boeing or Collins Aerospace. With RAM, the focus shifts to securing the operations of the national carrier itself.

For Moroccans living abroad, Royal Air Maroc’s reliability is a central concern, especially during peak travel periods such as summer, religious holidays or school breaks. Building a local supplier base could, in the medium term:

• reduce dependence on global supply chains during crises;
• speed up certain maintenance operations;
• improve fleet resilience when imported parts are in short supply.

There is no immediate guarantee of cheaper tickets or more punctual flights. But this industrial shift clearly aims to make the airline less vulnerable to external shocks, something that matters for Moroccans abroad who often book their trips home months ahead.

Travellers can follow official updates from the airline on its website: Royal Air Maroc.

Mining projects and Morocco’s investment climate

Another signal for investors, including those in the diaspora, comes from the mining sector. Polish group KGHM, one of the world’s largest copper and silver producers, has held a strategic meeting with the National Office of Hydrocarbons and Mines (ONHYM) in Rabat.

The talks build on an existing memorandum of understanding and confirm the company’s interest in Morocco’s mining potential. While operational details have yet to be disclosed, such projects usually feed into broader trends that Moroccans abroad closely watch: growth of extractive industries, infrastructure development in certain regions, and indirect opportunities in services, transport and housing.

In this wider picture, the combination of Attijariwafa bank in Ghana, RAM’s industrial strategy and the appetite of groups like KGHM reflects a common direction: a Morocco that is more present in Africa and more attractive to international partners. For Moroccans abroad, it points to a home country that is reinforcing its regional links and production base, opening fresh options for investment, entrepreneurship and mobility.

What Moroccans abroad should keep an eye on

In the short term, several developments are worth monitoring for Moroccans around the world:

• any new cross-border services from Attijariwafa bank targeting West Africa-based clients with interests in Morocco;
• changes in Royal Air Maroc’s offer on routes most used by the diaspora;
• concrete mining project announcements, which often generate jobs and contracts for SMEs.

Canal212 will keep tracking these stories and linking them with our practical guide on travel and returns to Morocco, to help Moroccans abroad make informed choices.

For more context, readers can follow Canal212 news for Moroccans abroad.