This blog has been shut down for a few days now and I wasn't aware of it. Turns out it had very common Nginx 502 error for quite a time.
There are so many problems that ends with 502 error. It is quite hard to figure out what exactly is the problem. But thankfully, ghost has an amazing doctor tool.
cd /var/www/ghost ghost doctor
Simply run ghost doctor command in your ghost blog directory. It will automatically show you what is wrong with your ghost instance. In my case, it was that I messed up the chown command and changed owner of the ghost directory.