The Weston Oil and Gas Fund (WOGF) is a Publicly Incorporated Ghanaian company that will invest primarily in a diversiﬁed portfolio of debt instruments and equities of companies operating in the Oil and Gas Sector. Open-ended Fund, approved and licensed by the Securities and Exchange Commission, with an unlimited number of shares at an initial price of GP 20 per share.
Our aim is threefold
1. Support the drive for local participation in the Oil & Gas industry by helping to build the ﬁnancial capacity of local companies operating in the sector
2. Create an avenue for individuals and corporate entities to participate in the success story of the Oil & Gas industry by creating an investment vehicle for them
3. Create an avenue for multinationals and support agencies to channel sustainable investments into helping build the capacity of local suppliers and services providers to deliver industry required international standards.
WOGF understands that SMEs, aside foreign competition are faced with a number of challenges including good corporate governance, inadequate technical knowledge in their industry, non-availability of skilled labour and the limited access to timely ﬁnancing.
The WOGF’s objective therefore, is to boost SME ﬁnancial inclusion by investing in SMEs operating in the Oil and Gas industry.
“As a specialty fund with a focus on the oil and gas industry, it creates an avenue for every Ghanaian to invest in the country’s oil and gas sector.” - Adu Anane Antwi (Director General, Securities and Exchange Commission), commenting on the Weston Oil and Gas Fund to Bloomberg.