Corruption costs Morocco about $5.09 billion (50 billion dirhams) each year, making up between 3.5% and 6% of the country's GDP, according to Mohamed Bachir Rachdi, head of the National Authority for Integrity, Prevention, and Fight Against Corruption (INPPLC). He shared this alarming figure during a conference held on October 8, 2024.
According to local media, Rachdi revealed that 23% of Moroccan businesses fell victim to corruption last year. The issue mainly impacts processes like licensing, permits, public procurement, and hiring in key sectors vital to economic growth.
Moroccan authorities have implemented judicial measures to tackle this issue, including setting up a direct hotline to report corruption cases. This initiative has already led to the arrest of 243 people caught in the act and the filing of 716 financial crime cases in court. However, Rachdi emphasized that these efforts are not enough to curb the widespread problem.
Despite significant reforms, Morocco has struggled to improve its Corruption Perceptions Index (CPI) ranking. In 2023, the country scored 38 out of 100, dropping from 73rd place in 2018 to 97th out of 180 countries.
Rachdi called for better coordination between national institutions, increased budget transparency, and the inclusion of specific anti-corruption measures in the budgets of various departments. He believes these reforms are crucial to Morocco's development and to restoring public and investor confidence in the country's institutions.
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...
Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...
Altona lists on US OTCQB to access American capital Move supports Mozambique Monte Muambe rare earths project development Listing aligns with US push...
DRC, South Africa to resume Inga 3 talks in April Plans include boosting power exports up to 5,000 MW $10bn+ project still in planning with World...
Cameroon banana exports jump 36% to 27,674 tons in January Growth driven by French group subsidiaries PHP and CDBM Compagnie Fruitière dominance to...
Djibouti receives a $35 million grant to expand rural access to drinking water The project will benefit over 120,000 people and strengthen...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...