Power dissipation has become the major concern for circuit design and implementation. Reversible Logic is the best alternative to Irreversible Logic in terms of low power consumption. Circuits designed using reversible logic have a wide array of applications. The Quantum Cost, Garbage Outputs, Ancillary Inputs and Delay are some of the parameters of reversible circuits that can be used to determine their efficiency and compare them with existing works. Optimization of these parameters are highly essential. Garbage Outputs is an important parameter that must be considered. This paper presents a design for a Reversible Radix-4 Booth Multiplier that is optimized in Garbage Cost and Ancillary inputs. The design proposed is capable of both signed and unsigned multiplication. The optimization in Garbage Cost ensures lower heat dissipation. The Encoded Booth Algorithm or Radix-4 Booth Algorithm reduces the number of partial products generated in signed multiplication to half the number generated using a Radix-2 signed multiplier making it suitable for Digital Signal Processors. The design proposed is compared to existing multiplier circuits and the parameters are tabulated.