OPEC-Member Gabon Fires Finance Minister Days After Rating Cut

Gabon’s President Brice Oligui Nguema fired the nation’s finance minister, Henri Claude Oyima days after the nation’s credit rating was cut deeper into junk.

Thierry Minko was named as the minister of economy, finance and debt, according to a statement from the presidency on Thursday. He will also be responsible for combating the high cost of living. Marc Abeghe was appointed as deputy minister for the budget. The presidency didn’t give any reason for the changes.