TL;DR
To convert your String into a Hash, you either have to parse it yourself, or call Kernel#eval on it. Either way, your real issue seems to be round-tripping this back to a string in your expected format. One way to do that is to re-open the Hash class and add a custom output method, rather than relying on the Hash#to_s method aliased to Hash#inspect.
String to Hash
If you trust the data source and have some mechanism to sanitize or check the String for potential arbitrary code execution, #eval is certainly the easiest thing you can do. I'd personally add a tiny bit of safety by making sure the String isn't tainted first, though. For example:
str = "{ssl:true,sslAllowInvalidCertificates:true}"
raise "string tainted: #{str}" if str.tainted?
hsh = eval str
#=> {:ssl=>true, :sslAllowInvalidCertificates=>true}
However, if you don't trust the source or structure of your String, you can parse and validate the information yourself using some variant of the following as a starting point:
hsh = Hash[str.scan(/\w+/).each_slice(2).to_a]
#=> {:ssl=>true, :sslAllowInvalidCertificates=>true}
Hash to Custom String
If you then want to dump it back out to your custom format as a String, you can monkeypatch the Hash class or add a singleton method to a given Hash instance to provide a #to_mongo method. For example:
class Hash
def to_mongo
str = self.map { |k, v| '%s:%s' % [k, v] }.join ?,
'{%s}' % str
end
end
Calling this method on your Hash instance will yield the results you seem to want:
hsh.to_mongo
#=> "{ssl:true,sslAllowInvalidCertificates:true}"