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As for healthcare, there are a lot of challenges both in the world and in China that need to be addressed through progress and innovation, such as cancer, an increasing problem for Asian societies, while Chinese players are making remarkable developments in the life sciences field, he said.

As Traditional Chinese Medicine (TCM) is gaining popularity in Ghana, many acupuncture clinics run by Chinese doctors pop up in the country. However, the China Traditional Herbal Hospital was established by 52-year-old Ghanaian business owner Alex Bediako Mensah, after his fruitful encounter with the therapeutic effects of TCM, in 2012.

As a matter of fact, the entry policies in these sectors target both foreign firms and domestic businesses alike. On the other hand, subsidies for domestic electric vehicle producers have been significantly reduced to create a fairer environment for foreign investment.

As an example, the survey findings reveal that the market has reacted positively to tax reforms, with over half of the respondents stating that tax reform will be a key driver boosting economic growth this year.

As for investment income sources in 2019, 31 percent of respondents' income mainly comes from funds or wealth management products, and 30.5 percent from investment in real estate. The vast majority of new middle-class families have made profits from investment and financial management, but their overall returns are small, and 40 percent have a 0-4 percent return on investment and financial management, the report said.