business-kid's instructions are, of course, for compiling. You could also install the binary from your distribution: I think it's relocatable.
You don't say your distro (please give more details in your questions) but if you're using Ubuntu or one of its derivatives the method would be like this:
dpkg --instdir=/home/yourname install ghostscript.deb
Check the man page for dpkg to make sure I've got it right.
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