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The fire which started around 4 am dawn on Sunday destroyed wood milling machines, wood products, timber logs, and items belonging to the displaced squatters.
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This is the second fire incident recorded in the Ashanti Region over the weekend after a seven-bedroom apartment was also razed in the Tafo Municipality.
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The victims in the Kaase-Angola incident say they have no place to lay their heads and are looking elsewhere to get help from friends and relatives.