Yes--I see the same thing on my HD. If I set the page refresh to one, it of course goes away after the first page turn. But, I like the page refresh set at six, so that's where I leave it. If it's bad enough to be really bothersome, I just turn the page back and forth six times to trigger a refresh before reading.
It's my understanding that this is only a problem when waking with the sleep cover. If you use the switch to wake the reader, it doesn't exhibit ghosting of the title page. So another option, it the display is too bad is to turn the reader off and on with the switch.
Hopefully Kobo will fix this in their next firmware update...but I'm not holding my breath.