Im running toribash 4.8 fps 66, however the ghost's movements are really really slow. Toribash 4.62 is working fine. I tried using cheat engine to speed up the ghost but some how it speeds up my timer in multi-player also. Is there anyway or an option in toribash to speed up the ghost?

Try to use older version instead , such as 4.62 or 4.7

Are your graphic cards up to date? That could be the problem.

Aren't there any options to speed up ghost? I think this was suggested before.

I think speeding up the ghost/movements is only available after a replay has been made and you're viewing it independent of controlling the toris.