Within the realm of computer vision, self-supervised learning (SSL) pertains to training pre-trained image encoders utilizing a substantial quantity of unlabeled images. Pre-trained image encoders can serve as feature extractors, facilitating the construction of downstream classifiers for various tasks. However, the use of SSL has led to an increase in security research related to various backdoor attacks. Currently, the trigger patterns used in backdoor attacks on SSL are mostly visible or static (sample-agnostic), making backdoors less covert and significantly affecting the attack performance. In this work, we propose GhostEncoder, the first dynamic invisible backdoor attack on SSL. Unlike existing backdoor attacks on SSL, which use visible or static trigger patterns, GhostEncoder utilizes image steganography techniques to encode hidden information into benign images and generate backdoor samples. We then fine-tune the pre-trained image encoder on a manipulation dataset to inject the backdoor, enabling downstream classifiers built upon the backdoored encoder to inherit the backdoor behavior for target downstream tasks. We evaluate GhostEncoder on three downstream tasks and results demonstrate that GhostEncoder provides practical stealthiness on images and deceives the victim model with a high attack success rate without compromising its utility. Furthermore, GhostEncoder withstands state-of-the-art defenses, including STRIP, STRIP-Cl, and SSL-Cleanse.