How to correctly enable ANSI colors in ConEmu + Git Bash?

I'm using Git Bash with ConEmu to make it look cool. However, upon installing Composer the colors seem to be escaped:

So Git Bash does not support all the colors. Checking the AnsiColors256.ans file:

After lots of Googling, I still haven't found any solution. I don't want to use Ansicon or other console emulator, ConEmu is fine for me.

My settings:

• Inject ConEmuHk enabled
• Ansi X3.64 / xterm 256 enabled
• Windows 7 x64
• Git Bash 1.9.5
• ConEmu 141208

How do I enable all the colors? This is annoying my need for a Console-Zen experience :(

To correctly enable colors in Git Bash :

1. Download and extract ANSICON : https://github.com/adoxa/ansicon/releases/tag/v1.81
2. If you are running 64-bit OS, copy everything inside x64 folder, Otherwise,
   • If you are running 32-bit OS, copy everything inside x86 folder.
3. Create a folder ANSICON at C:\Program Files\ANSICON and paste the copied contents here.
4. Right click on your Git Bash shortcut and go to properties.

5. Set/Modify Target value to following (refer to the screenshot below) :

"C:\Program Files\ANSICON\ansicon.exe" "C:\Program Files\Git\git-bash.exe" --cd-to-home

6. Open your .bashrc file (C:\Users\Aditya\.bashrc).

NOTE: .bashrc is a hidden file. So you need to turn on the option in your windows explorer settings to display hidden files.

7. Add following 2 lines to your .bashrc file (anywhere) :

unalias $(alias | grep winpty | grep php | cut -d"=" -f1 | cut -d" " -f2)

export ANSICON=true

8. Save your .bashrc file and open Git Bash now. Done!