> Are you located in Latin America?
> Set black adjust to off.
> Set dynamic contrast to off.
> Set color space to native or custom.
> Set flesh tone to 0.
> Set edge enhancement to off.
> Set xvYCC to off.
> Set digital noise reduction to off.
> Set DNIe to off.
> Set Movie Plus to off.
> Let me know if that has any effect.
Believe it or not, I already have all these exact settings on my TV
But now I think I've managed to make a fine tuning on it by reducing the amount of contrast from 88 to 65 and brightess from 55 to 65. Also, I've increased the backlight to 10 (maximum) since reducing the contrast also darkened the image too much. With these settings applied, the phantom ghosting is gone
Thank you all for your support on this! Problem solved.