Combine all ingredients (except garlic clove and bay leaf) in a medium sized sauce pan.
Bring to a boil stirring frequently.
Add in garlic clove and bay leaf (whole). Reduce heat and allow the mixture to simmer for 20-30 minutes stirring occasionally.
Watch for desired consistency, as this stuff will thicken quickly toward the end. If you overdo it, just add a tablespoon of water back to the mix.
Remove the bay leaf and garlic clove and allow ketchup to cool.