The name of the post goes back to Jacob Ruijghaver, the director of the Dutch West India Company's possessions on the Gold Coast, who ordered its establishment.
The trading post was probably not as reinforced as the term "fort" implies, and likely consisted of a simple lodge and a few smaller huts.
The other theory, primarily advocated by Daaku, takes a diary entry of Director-General Valckenburg as the point of departure.
With Axim as their base, the Dutch endeavoured to spread their influence further inland, so as to gain better access to the gold field there.
The Dutch tried to cement the uneasy peace that existed at that moment by sending African salt merchants from Axim to the fort to do the trade with the local Egwira.