[5] The film stars Shiva Rajkumar, Jayaram, Anupam Kher, Prashant Narayanan, Satya Prakash, and Archana Jois.

Ghost was released theatrically on 19 October 2023, during Dasara weekend, to positive reviews from critics and became a box office success.

A few months later, Home Minister Vijayalakshmi assigns "Pithamaha", a spy agency headed by A. N. Rao, to solve the case due to pressure from the government.

While paying respects to Prabhu and Geetha, Anand gets a call from Dalavayi's son, who demands him to return the gold in exchange for rescuing his team members.

[12] A. Sharadhaa of The New Indian Express gave 4/5 stars and wrote "Ghost offers thrilling moments, with Shivarajkumar's exceptional performance, along with the rest of the cast, elevating the viewing experience.

"[13] Prathibha Joy of OTTplay gave 3.5/5 stars and wrote "Ghost is quite the thrilling two-hour ride and could just be the Dasara winner Kannada cinema has been looking for.

"[14] S. Sridevi of The Times of India gave 3/5 stars and wrote "Ghost is a one-of-its-kind heist thriller for the Kannada audience, packed with plenty of mass scenes catered and assembled particularly for Shivarajkumar’s fans.

"[15] Anjali Belgaumkar of The Indian Express gave 3.5/5 stars and wrote "Directed by MG Srinivas, the Shivarajkumar movie will keep you on the edge of your seat.

"[16] Anindita Mukherjee of India Today gave 2.5/5 stars and wrote "‘Ghost’ is a great watch for all those who love punches, fights and tough dialogues.

J. Rao of Film Companion wrote "Director MG Srinivas needed to invest better in the writing and focus on the ‘show, don’t tell’ philosophy.