No, the motorcycle-riding supernatural character Ghost Rider (Johnny Blaze) was created by writer-editor Roy Thomas, writer Gary Friedrich and artist Mike Ploog. He first appeared in "Marvel Spotlight" volume 1, #5 (Aug. 1972). Stan Lee by this time was Marvel Comics' publisher, and no longer the editor-in-chief. Note: Marvel Comics in the 1960s had an non-supernatural Old West character named Ghost Rider, later renamed Phantom Rider, who had been created by Thomas, Friedrich, and artist Dick Ayers. The two characters are related in many ways. For instance, they both have been created by Roy Thomas and Gary Friedrich (even if the two men don't really agree on who played which role in the creation of the Ghost Rider) and in the video game Marvel Ultimate Alliance, the costume of the Phantom Rider is one of the alternate outfits of the Ghost Rider character. Not to mention the Ghost Rider's issue #56 where the storyline include Hamilton Slade, an archeologist who's a distant descendant of Carter and Lincoln Slade, the two most well-known incarnations of the original Ghost / Phantom Rider.
The motorcyling Ghost Rider received his own series in 1973, which lasted until issue #81 (June 1983). The character was revived with a different host body, Dan Ketch, in the 1990s. Johnny Blaze in the 2000s became the Ghost Rider once again.
Johnny Blaze and Dan Ketch are related, but the possessing spirits (Zarathos and Nobel Kale, respectively) are two separate entities.