The Gold Coast was a British Crown colony on the Gulf of Guinea in West Africa from 1821 until its independence in 1957 as Ghana. The term Gold Coast is also often used to describe all of the four separate jurisdictions that were under the administration of the Governor of the Gold Coast. These were the Gold Coast itself, Ashanti, the Northern Territories protectorate and the British Togoland trust territory.
The first European explorers to arrive at the coast were the Portuguese in 1471. They encountered a variety of African kingdoms, some of which controlled substantial deposits of gold in the soil. In 1483, the Portuguese came to the continent for increased trade. They built the Castle of Elmina, the first European settlement on the Gold Coast. From here they acquired slaves and gold in trade for European goods, such as metal knives, beads, mirrors, rum, and guns. News of the successful trading spread quickly, and British, Dutch, Danish, Prussian and Swedish traders arrived as well. The European traders built several forts along the coastline. The Gold Coast had long been a name for the region used by Europeans because of the large gold resources found in the area. The slave trade was the principal exchange and major part of the economy for many years. In this period, European nations began to explore and colonize the Americas. Soon the Portuguese and Spanish began to export African slaves to the Caribbean, and North and South America. The Dutch and British also entered the slave trade, at first supplying slaves to markets in the Caribbean and on the Caribbean coast of South America.
