Former President Jerry Rawlings has opened up on how he spent a $2 million gift given to him by Nigerian head of State Sani Abacha in 1996.
It comes after some members of the public accused him of spending the money on himself.
In an interview with the Daily Graphic which was published on Monday, Rawlings denied profiting from the money.
"That money did not go for my personal use and was not meant to influence me to whitewash Abacha’s image. My credibility is priceless and cannot be bought," he said.
Rawlings said the money, which he did not solicit, was used to support what he called the country's neo-colonialist struggle.
He said because his socialist-minded government focused on turning around most state enterprises, it did not have the time or interest to promoting business for profit.
Rawlings said, as a result, the government hardly had any money to engage in the neo-colonialist struggle.
This, he said, compelled him to "accept support from progressive-minded leaders because we all knew the nature of the struggle we were engaged in".
"Not one of my colleagues in the PNDC/NDC can accuse me of misappropriating funds for my personal use," he said.
Rawlings also reiterated the point that the Abacha money was $2 million, and not $5 million.
"We have allowed the $5 million lie to run, when it was $2 million. I am tired of falsehood and liars all over the place. With the pile-up of lies and fabrication, I wanted to set the record straight once and for all," he said.