In October 2011 Cardinal Turkson called for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. The document, Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority was very specific, calling for taxation measures on financial transactions. It notes that “The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence,” it said. The document condemned what it called “the idolatry of the market” as well as a “neo-liberal thinking” that it said looked exclusively at technical solutions to economic problems. “In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale,” it said, adding that world economics needed an “ethic of solidarity” among rich and poor nations.
An accomplished polyglot, Turkson is able to speak English, Fante, French, Italian, German, and Hebrew, in addition to understanding Latin and Greek.