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Towards Reforming the International Financial and Monetary Systems


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Speaker(s): Cardinal Peter Turkson
Chair: Professor Conor Gearty

Recorded on 6 February 2014 in Old Theatre, Old Building.

The current global financial crisis has already continued for six years now – much longer than most feared at the beginning. Moreover, there have been several sequels, the Euro crisis being the most notable. Let us reflect on the surprising technical origins of the crisis and the shocking moral ones. Let us ask what the system has learned, what insights have been acted upon, what reform is underway. And let us explore areas that remain to be reformed, in particular the responsibility of governments to embed practices of financial stewardship. Would the restoration of economic stability and prosperity be enough? Pope Francis would have the economy commit to real remedies for grinding poverty, growing inequality, social exclusion and environmental degradation.

Cardinal Peter Kodwo Appiah Turkson is president of the Pontifical Council for Justice and Peace and Archbishop emeritus of Cape Coast (Ghana).

On 6 October 1992 he was appointed Archbishop of Cape Coast and received episcopal ordination on 27 March 1993. He served as president of the Ghana Catholic Bishops' Conference (1997-2004). He was a member of Governing Council of the University of Ghana, Legon (2001-2006) and of the Board of Directors of Central Region Development Commission (CEDECOM) (2002-2006). He served as treasurer of the Symposium of Episcopal Conferences of Africa and Madagascar (SECAM) (2007-2009) and presently serves as Vice President of the Association of Episcopal Conferences of Anglophone West Africa (AECAWA). He served as President of the Regional Episcopal Conference of West Africa (RECOWA) (2007-2010). He was also Chairman of the Ghana Chapter of the Conference of Religions for Peace (2003-2007) and Ghana National Peace Council (2006-2010).

On 24 October 2009 he was nominated President of the Pontifical Council for Justice and Peace. On September 24, 2013, he was confirmed by Pope Francis as President of the Pontifical Council for Justice and Peace.

He has been awarded numerous honorary degrees and speaks 6 languages (Fante, English, French, Italian, German, Hebrew).

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