This is a conversion of the well known Capcom game from a year or so ago. The game is basically a left-right-jump game with evil meanies to shoot at and zombies attacking you from every side. The setting a graveyard then across the water to a wood and so forth, all horror or mystical settings.
On the way treasures and different kinds of weapons can be collected for extra points and firepower.
The gameplay is identical to the coin-op version and the graphics are comparable, which is very good considering the power of the original machine's hardware.
The sound is atmospheric and very well implemented. The only place where the game is lacking is its simplicity of gameplay. In an arcade where the average length of a game is only a couple of minutes, most people will only play it a limited number of times. Ease of use and the ability for a player to pick up a game quickly are more important than any real long lasting appeal, and I think that Ghouls 'N Goblins is one of those game, and thus suffers on conversion to a home computer where it is likely to be played hundreds of times.