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The city holds an important place in the history of the Ashanti people, as legend claims that it was here Okomfo Anokye received the golden stool, an embodiment of the soul of the Ashanti nation Ashanti.

Yaa Asantewaa also a very renowned Ashanti warrior and leader was also taken to Seychelles Island and never returned.

Kumasi has 50% of the timber industry of Ghana, and the Kaasi Industrial Area plays an important role in the local industry. Much of the shopping and trading activity in the city takes place at Kumasi's shopping streets, in and around Kejetia Market and Adum.

There is also heavy economic activities at Bantama and Asafo. Most of the printing done in Kumasi and Ashanti Region as a whole is done in Kumasi.

There are both government assisted Primary Schools in Kumasi and also private Primary schools in Kumasi which educate boys and girls between the ages from 6 to 15.

The Kwame Nkrumah University of Science and Technology, Kumasi (formerly the Kumasi College of Technology) is the biggest university in the Ashanti Region and the second biggest in Ghana after the University of Ghana .

Former Secretary-General of the United Nations, Kofi Annan attended and graduated from this institution.

Due to its open market nature, there are a lot of reported fire outbreaks; however, a new market is being developed to tackle the issue of frequent fire outbreaks and to meet modern standards.

The main occupations in Kumasi are professional such as services and manufacturing. Solar energy technology is a major energy source and contributor of electricity generation in Ashanti.A number of other public and private universities and tertiary institutions have since been founded in Kumasi, some of which are listed below. As of May 2014 at least four airlines offered regularly scheduled flights to Accra, Takoradi and Sunyani.Airlines servicing the airport included Africa World Airlines, Antrak Air, Royal Fly-GH and Starbow Airlines.The ruler of Kumasi, known as the Asantehene, also served as ruler of the Confederacy.With their 1701 victory over Denkyira the Asante confederacy became the primary state among the Ashantis.Parts of the city, including the then royal residence, were destroyed by British troops in the Third Anglo-Ashanti War of 1874.

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