The G7 has an aperture range from f2.8 to f8.0 at wide angle, and f4.8 to f8.0 at full zoom.
However, this is more than enough. Firstly, as others have pointed out, the depth of field achieved with f8.0 on a compact camera like the G7 is equivalent to a much smaller aperture on a larger camera. Secondly, and importantly, with the small 1/1.8" sensor and 10MP, the camera is very limited by diffraction (from about f4.0 onwards). Thus there is little point going beyond f8.0 as the loss of resolution would be too great. Remember that the camera offers an ISO80 speed, as well as a builtin neutral density filter, to allow you to shoot with these larger apertures in bright conditions.