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Preheat oven to 350 degrees F and grease 9-inch square baking dish with nonstick spray and line with parchment paper, leaving 2 inches overhanging on two sides.
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Using electric mixture and large mixing bowl, beat butter and sugar until light and fluffy, scraping down sides of the bowl as necessary.
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Add egg and molasses, mixing well between additions, until smooth and uniform.
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In separate bowl, combine all-purpose flour, whole wheat flour, baking soda, cinnamon, ginger, cloves, nutmeg and salt.
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Gradually add dry ingredients to butter mixture while mixing on low speed. Mix until just combined. Stir in water until smooth.
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Transfer batter to prepared baking dish. Bake 30 to 45 minutes, until a toothpick in the center comes out mostly clean.
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Cool in pan on wire rack for 10 minutes, then carefully transfer cake from pan to wire rack. Cool to room temperature before dusting with powdered sugar using a fine-mesh strainer.