Phola () was a town and polis (city-state) of ancient Aetolia. It is known only through epigraphic testimony among which we can highlight two funerary inscriptions of the classical period and other inscriptions of the Hellenistic period reference a strategosIG IX,1² 1:31, 115,138. and a scribe (grammateos)IG IX,1² 1:25 61,71. from Phola. From this evidence it is deduced that Phola had the status of a polis.
Its exact location is unknown.
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