African Company of Merchants The African Company of Merchants or
Company of Merchants Trading to Africa was a British Chartered
Company in the Gold Coast area of modern Ghana, in the coastal
area where the Fante people lived. It was founded in 1752 and
replaced the Royal African Company which was dissolved in that
year. In 1817 the Company had signed a treaty of friendship that
recognized Asante claims to sovereignty over large areas of the
coast, including areas claimed by the Fante. The Company was
abolished in 1821, as the slave trade had not been suppressed in
these privately held areas. Authority over the area was given to
Governor Charles MacCarthy, the governor of Sierra Leone, who
was subsequently killed in the First Anglo-Asante War. See also
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