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The Colony of the Gold Coast was the primary source of gold for the large medieval West African empires that engaged in trans-Saharan trade. In 1487 the Portuguese established a fort at Elmina as headquarters for the gold trade. Competition among European powers for gold and slaves led to the establishment of numerous bases on the Gulf of Guinea coast. The British gained control of the Gold Coast. Inland the Ashanti Union of Akan States with the capital at Kumasi controlled commerce in gold and slaves.
The Ashanti expansion southward brought them into conflict with the British. In 1807 the British abolished slave trading. The British extended control inland by treaties and wars with the Ashanti. After sacking Kumasi, the British made the Gold Coast a crown colony in 1874. Protectorates over the Ashanti and Northern Territories were established in 1901 as European nations claimed all of Africa following the Berlin Conference of 1884-85.Economic development of the new colony focused on cocoa, forest resources, and gold.
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