NOTE: A.C.E. has been kind enough to make an instructable on this topic already. This instructable is meant to address problems and updates to the software. Also I did not write The Ghost, see The Ghost's official page here.
DISCLAIMER: AS WITH ALL WII HOMEBREW, BE CAREFUL WITH WHAT YOU DO TO YOUR WII. I AM NOT IN ANY WAY, SHAPE OR FORM RESPONSIBLE FOR YOUR WII. ALSO, COPYING WII GAMES IS ILLEGAL. NUFF SAID. PERIOD.
Well, now that that's out of the way, let's get started!