Ashanti are a nation and ethnic group native to the Ashanti Region of modern-day Ghana. The people of Ashanti speak the Asante dialect of Twi. The language is spoken by over nine million ethnic Asante people as a first or second language. The word Ashanti is an English language misnomer. Asante literally means "because of wars". The Ashanti are believed to descend from Abyssinians, who were pushed south by the Egyptian forces.

The wealthy gold-rich Asante people developed the large and influential Ashanti Empire, along the Lake Volta and Gulf of Guinea. The empire was founded in 1670, and the Ashanti capital Kumasi was founded in 1680 the late 17th century by Asantehene (emperor) Osei Kofi Tutu I on the advice of Ɔkͻmfoͻ Anͻkye, his premier. Sited at the crossroads of the Trans-Saharan trade routes, the Kumasi megacity's strategic location contributed significantly to its growing wealth. Over the duration of the Kumasi metropolis' existence, a number of peculiar factors have combined to transform the Kumasi metropolis into a fitting financial centre and political capital. The main causal factors included the unquestioning loyalty to the Ashanti monarchy and the Kumasi metropolis' growing wealth, derived in part from the capital's lucrative domestic-trade in items such as bullion.

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