Are you able to look and post here the contents of C:\boot.ini?
Depending on the present contents, it may be necessary to edit it so
that booting takes place from the appropriate OS files, rather than
Ghost's Virtual Partition.

I can't refuse an opportunity to repeat my claim that Ghost 2003 is
often a source of great headaches - at laest when used with USB devices
(are you there, Anne?) Do yourself a favour and try out Acronis True
Image.