The inferno, which started around 10 pm, destroyed property and items estimated to be worth thousands of Ghana cedis.
According to eye-witnesses, they noticed a thick smoke in the sky after the sound of an explosion followed by the fire which swept through the chain of wooden structures.
The cause of the fire is not yet known, but some of the victims suspect a gas explosion at a hairdressing salon near one of the shops, might have caused other cylinders used by the wood artisans, to explode.
Other victims also believed that the fire might have started from sparks from faulty electrical cables.
By 9 am yesterday morning, personnel from the Ghana National Fire Service had managed to bring the situation under control.
Some of the victims told The Ghanaian Times that they had lost in excess of over GH¢ 50,000 and appealed to and appealed to the government to come to their aid.
This is the third fire incident in the Ashanti Region this year. In one of the earlier incidents similar in Asante Mampong on June 3, seven people an evangelist and his four children, a friend and a house help, were burnt to death.
That incident was preceded by the burning to death of a 17-year-old girl, who was about to sit her final Basic Examination Certificate Examination (BECE) paper, but perished alongside her mother and a domestic aid, in a dawn fire outbreak at their residence in Santasi, in Kumasi.
From Kingsley E. Hope, Kumasi